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Edmond de Rothschild (Suisse) to acquire shares of asset management unit

Edmond de Rothschild (Suisse) SA, which owns 34.68% of unit Edmond de Rothschild Asset Management (Suisse), will acquire the remaining shares in the latter as part of the legal simplification process of parent Edmond de Rothschild Holding SA.

The Swiss private bank will acquire the remaining shares from the parent, which has a stake of 55.49%, and from the unit itself.

The transaction will be executed in the second quarter, subject to approval from regulator FINMA.