Chanel owners to join Peugeot, Dassault families as Rothschild investors (updated)

Rothschild & Co SCA

13/02/2023 17:34

(Adds details)
       PARIS, Feb 13 (Reuters) - Some of France's wealthiest
families, including the owners of luxury group Chanel, are set
to invest in Rothschild & Co  ROTH.PA , the Paris-based
investment bank the Rothschild family plans to take private.
    The bank's controlling shareholder Concordia said in a
statement on Monday that new members joining a shareholder pact
for the take-private deal would include the Peugeot and the
Dassault families, as well as the Wertheimer brothers who own
Chanel.
    Italian health entrepreneur Giammaria Giuliani was also
mentioned among investors in the deal. 
    Under the current calendar, Rothschild's holding Concordia
aims to de-list the investment bank by August or September of
this year, depending on the duration of the tender offer. 
        The offer of 48 euros per share each, including 
dividends, values the bank 3.7 billion euros  ($3.97 billion). 
  
    ($1 = 0.9328 euros)
  
 (Reporting by Mathieu Rosemain, editing by Silvia Aloisi)
 ((silvia.aloisi@thomsonreuters.com; +393487607044; Reuters
Messaging: silvia.aloisi.thomsonreuters.com@reuters.net))