© Reuters. FILE PHOTO: A logo of Banque Privee Edmond de Rothschild is observed on the bank developing prior to a news conference for the group’s 2010 outcomes, in Geneva

ZURICH (Reuters) – The Benjamin de Rothschild family members plans to take Swiss bank Edmond de Rothschild (Suisse) S.A. private as a way to consolidate Edmond de Rothschild banking activity and make the Swiss group its operative holding enterprise, the bank mentioned on Wednesday.

The offer you value for each and every bearer share is 17,945 Swiss francs in money, or 15,500 francs just after deducting its proposed dividend, it mentioned. The stock closed on Tuesday at 16,400. Founded in 1953, the private banking and asset management group has 170 billion Swiss francs ($168.72 billion) in assets beneath management.

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