Concordia to acquire the remaining shares in Rothschild & Co for $2.5bn.

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.