The Limited Times

Now you can see non-English news...

The Peugeot and Wertheimer families will take a stake in the Rothschild investment bank


Turnover amounted to nearly 3 billion euros, up 1%. “Solid” results, for “a very hectic year”, according to François Pérol.

The Rothschild investment bank announced on Monday that it planned to bring several big names in French capitalism into its capital, including the Peugeot and Wertheimer families, a week after the announcement of its plan to delist.

This agreement would allow the entry into the capital, alongside the holding company of the Rothschild family, Concordia, "

new members

" including Peugeot Invest and Mousse Partners, investment vehicle of the Wertheimer family (owner of Chanel), according to a press release published alongside the bank's annual results.

Current shareholders would have to strengthen, like the Dassault group and the Italian industrialist Giammaria Giuliani.

Investment promises

Other investors, such as members of the English Rothschild family, including Hannah Rothschild, or partners, will also be part of this new pact, entitled “




Peugeot Invest has undertaken to invest alongside Concordia and other long-term investors and could hold, if the offer is successful, up to 5.1% of the capital of Rothschild and Co

", said confirmed in a separate press release the investment vehicle of the Peugeot family, specifying that it was "

intended to be represented (within) the supervisory board



These are long-term investors, who share the same convictions regarding the development of a company like ours

", explained during a presentation to the press François Pérol, partner and co-chairman of the executive committee of the bank. business.

The various investors have undertaken to keep the securities for a period of at least 8 years and have no assurance of being able to part with them afterwards, as liquidity is not guaranteed, specified François Pérol.

Read alsoWhy the Rothschilds withdraw their bank from the stock market

Ultimately, the Concordia holding will hold at the end of the operation, scheduled to begin at the end of the semester, around 55% of the capital, long-term investors around 35% and partners 10%.

The group also published a net profit down 21% in 2022, compared to the record of 2021, to 606 million euros.

Source: lefigaro

All business articles on 2023-02-13

You may like

Life/Entertain 2023-02-27T17:52:06.154Z

Trends 24h

Business 2023-06-06T16:41:27.914Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.