Previous Close | 45.90 |
Open | 45.35 |
Bid | 46.05 x 65000 |
Ask | 47.00 x 65000 |
Day's Range | 45.35 - 45.85 |
52 Week Range | 30.60 - 50.10 |
Volume | |
Avg. Volume | 1 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
LONDON (Reuters) -Rothschild & Co said on Monday it had created a new private markets group within its wealth and asset management division, amid a broader push by finance firms to offer more private assets to wealthy individuals. The Paris-listed investment bank, which is being taken private by its owners, said the new team would be led by Jessica Sellam. Sellam previously led the bank's private markets and business development teams for France, Belgium and Monaco, the company said.
Rothschild & Co, the Paris-listed investment bank being taken private by its owners, posted a 10% drop in first-quarter sales on Tuesday, as global mergers and acquisition activity fell to the lowest level in more than a decade. The bank, controlled by the eponymous financial dynasty and led by Alexandre de Rothschild, said total group revenue over the first three months of 2023 fell to 606.2 million euros ($667.30 million) from 675.3 million euros in 2022. Sales from M&A advisory, Rothschild's biggest activity, tumbled by 29% to 219 million euros, the firm said, while revenue from structuring and advising on corporate finance rose 4% to 108 million euros.
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Ghana's government and international bondholders are pushing forward with formal debt talks after advisors to both sides signed non-disclosure agreements, three sources with direct knowledge of the matter told Reuters. The West African country, which suspended payments on most of its external debt last year, has picked Lazard as its financial adviser, while a group of international private lenders are represented by Rothschild & Co. Ghana's dollar-denominated debt is more than $13 billion across maturities ranging from 2023 to 2061, according to Refinitiv data. "The government and the bondholders are sharing sensitive material through the advisers, like the revenues that could be used to service the debt and the restructuring parameters the creditors are aiming for," said one of the sources, who asked not to be named because talks are private.
PARIS (Reuters) -Three of France's wealthiest families, including the owners of luxury group Chanel and the Peugeot family, are set to invest in a deal to take Paris-based investment bank Rothschild & Co private. The families backing the deal would join the Rothschild family, which controls 55% of the eponymous bank and 67% of its voting rights, as long-time investors.
The Peugeot family and the Dassault family are prepared to invest in Rothschild & Co, the Paris-listed investment bank the Rothschild family plans to take private, Les Echos said on Wednesday. "According to our information, the Peugeot and Dassault families are ready to help the banking dynasty fund its plan to delist the prestigious bank Rothschild & Co," Les Echos said, without citing its sources. A spokesperson for the Peugeot family declined comment.
PARIS (Reuters) -In a show of confidence that strengthens the Rothschild family's grip on its Paris-listed investment bank, the financial dynasty said on Monday it plans to take Rothschild & Co private. Rothschild & Co, best known for its deal-making division that once employed French President Emmanuel Macron, has grown over the last three decades beyond pure advisory for mergers and acquisitions and into wealth management, private equity and debt financing. That development, formerly led by David de Rothschild and now by his son Alexandre, means the family does not need as much access to capital from the public equity markets, the family holding Concordia said.
By Scott Kanowsky
U.S. investment bank JP Morgan's head of Switzerland, Nick Bossart, is moving to Rothschild & Co to lead its Swiss advisory business for mergers and capital market transactions, two people familiar with the situation told Reuters. With Bossart, the French investment bank wants to expand its market share in Switzerland. Bossart headed JP Morgan's investment banking in Switzerland for 10 years and was also country head since 2014.
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