Edmond de Rothschild to take its Swiss bank private

Edmond de Rothschild to take its Swiss bank private

Swiss private bank Edmond de Rothschild (Suisse), part of the Edmond de Rothschild Group, is set to go private in a drive to simplify the group's operating structure. Edmond de Rothschild Holding SA is set to offer 17,945 Swiss francs ($17,836) in cash for each publicly traded bearer share of the private bank and asset manager, or 15,500 francs after deducting the proposed dividend, it said. The holding already owns 98% of the private bank. The family buyout comes after a settlement was...

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