Announced
Financials
Tags
Cross Border
Single Bidder
Privatisation
Public
Majority
Acquisition
Friendly
France
wealth management
Pending
Investment Banking
Synopsis
Concordia, an investment banking and consulting firm, agreed to acquire the remaining shares in Rothschild & Co, an independent financial advisory, for $2.5bn. “None of the businesses of the group needs access to capital from the public equity markets. Furthermore, each of the businesses is better assessed on the basis of their long-term performance rather than short-term earnings. This makes private ownership of the group more appropriate than a public listing,” Concordia.
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