Edmond de Rothschild to take its Swiss bank private

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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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