GENEVA: Benjamin de Rothschild’s family plans to take its Swiss bank private as it simplifies the group’s legal structure and prepares it for expansion, which may include acquisitions.
The family plans to buy all publicly held Edmond de Rothschild (Suisse) bearer shares at 17,945 francs a share and to delist the company from the Zurich stock market, the group said in a statement. Under the proposed transaction, its French operations will be consolidated into Edmond de Rothschild (Suisse), with Vincent Taupin promoted to the role of chief executive officer.
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