Rothschild and Martin Maurel: merger ahead

Rothschild and Compagnie Financiere Martin Maurel have announced their intention to merge, that decision would give rise to a private bank with assets under management of approximately 34 billion euro, one of the first independent player in France.

In a joint statement, the institutions have explained that the transaction – which assesses Martin Maurel € 240 million – will be financed by a mix of new shares and cash Rothschild and external credit lines.

The Martin Maurel shareholders will receive 126 Rothschild Martin Maurel shares for each share held, or may be paid for the equivalent in cash. The family will receive Maurel Rothschild actions.

According to expectations, the agreement should have a "moderately positive impact" on earnings per share in the first year after the merger. The new entity will operate as Rothschild Martin Maurel in France.