Rothschild & Co

The year 2024 was characterized by the growth of financial advisory activities, in particular for financing advisory services, and by a resumption of mergers and acquisitions after the decline in 2023. The private banking and asset management business recorded the best performance in its history, benefiting from the strength of the stock markets and the slower than anticipated decline in interest rates. Assets under management increased by 14% compared with 2023, to reach €124 billion.

In February 2023, Peugeot Invest committed to invest, alongside Concordia, the holding company of the Rothschild family, and other long-term investors (notably Groupe Industriel Marcel Dassault, Giammaria Giuliani and Mousse Partners) in Rothschild & Co, as part of a simplified tender offer for the Group’s shares. This tender opened on 24 July 2023 at a price of €38.6 per share, excluding the ordinary dividend and exceptional distribution, and ended on 8 September 2023. The AMF announced the success of the offer on 12 September 2023, allowing for the mandatory buy-out of the remaining shares to be implemented on 11 October 2023.

On this occasion, Peugeot Invest invested €153 million in the company and now holds a 5.1% stake in Rothschild & Co. Peugeot Invest is represented on the company’s Supervisory Board by Jean-Charles Douin. Robert Peugeot is a non-voting board observer.