PARIS, Feb 8 (Reuters) – The Peugeot family and the Dassault family are prepared to invest in Rothschild & Co (ROTH.PA), the Paris-listed investment bank the Rothschild family plans to take private, Les Echos said on Wednesday.
“According to our informations, 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. A spokesperson for the Dassault family couldn’t be reached out of office hours.
Under the plan unveiled on Monday, Concordia, Rothschild & Co’s largest shareholder, is poised to file a tender offer for the shares at 48 euros each, Rothschild has said.
The price represents a premium of 19% compared with Rothschild & Co’s closing stock price on Friday of 40.25 euros, and a 34% premium to the volume-weighted average share price of the last four months.
View 2 more stories
The Dassaults already have a stake in Concordia, a spokesperson for Rothschild & Co said. The spokesperson declined to say what the size of Dassault’s stake in Concordia was.
Reporting by Dominique Vidalon, Mathieu Rosemain
Our Standards: The Thomson Reuters Trust Principles.