Meeschaert receives four indicative offers, EdR advising - Les Echos
French private banking group Meeschaert is understood to have received last week at least four indicative offers for the business, French daily Les Echos reported. The founding family mandated Edmond de Rothschild (EdR) to advise on the matter, the report cited several sources as saying. The bank, which manages EUR 5.8bn worth of assets, could be valued at EUR 150m, the report added.
The offers came from China’s Fosun, Swiss Life, and France’s La Banque Postale and Neuflize. Other potential buyers could include Credit Agricole Indosuez and KBL. The report noted that Swiss Life is the partner of Meeschaert in relation with the insurance sector.
Les Echos