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Rothschild finance company says Bank of China buys stake
Paris (AFP) Sept 18, 2008 Bank of China has taken a one-fifth share in the Edmond de Rothschild Finance Company for 236 million euros (342 million dollars), a spokesman for the European banking group told AFP on Thursday. Bank of China, one of the four major Chinese banks, also acquired a further 10 percent stake through the issue of new shares in the Rothschild wealth management company. Rothschild's French holding firm, the Saint-Honore Finance Company, will retain a majority stake, the spokesman said. He said the new move would "open up the whole Bank of China network." Community Email This Article Comment On This Article Share This Article With Planet Earth
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