Rothschilds to Unite French, U.K. Banks to Secure Family Control(Front page news on Bloomberg with link).

Rothschild & Cie Banque, the company that holds the French assets of the family such as the eponymous Paris-based mergers and acquisitions bank, and Rothschilds Continuation Holdings AG, which holds assets including London-based bank N.M. Rothschild & Sons Ltd., will be combined under French-traded company Paris Orleans et Cie. SA, it said in an e-mailed statement last night. Paris Orleans will change its legal structure into a limited partnership to give the family more control, it said.




“This will enable us to address the requirements of a globalized and competitive world while securing control of the family over the group,” David de Rothschild, who oversees the whole firm, said in the statement.

[link to www.bloomberg.com]