Peugeot Invest teams up with Concordia for the proposed simplified tender offer for the Rothschild & Co shares

Concordia, the holding company of the Rothschild family and the largest shareholder of Rothschild & Co, announced its intention to file a simplified tender offer for the Rothschild & Co shares at €48.0 per share with right to distributions attached, and to request the implementation of a squeeze-out, subject to the receipt of various regulatory approvals.

Peugeot Invest is committed to investing alongside Concordia and other long-term investors and in the case of a successful offer, could hold up to 5.1% of Rothschild & Co's capital and would be represented on the Supervisory Board of Rothschild & Co.

The filing of the proposed offer would be subject to the receipt of various regulatory approvals. The simplified tender offer could be filed with the Autorité des marchés financiers, the French financial and markets regulator, at the end of the first half of 2023.

Commenting on this announcement, Robert Peugeot, Chairman of Peugeot Invest, declared: “We are very pleased to team up with the Rothschild family, who we share common values with, to form a long-term partnership. This transaction is consistent with Peugeot Invest's strategy of investing in companies that are leaders in their sector, alongside entrepreneurs and families, as well as playing an active role in their governance.”