Wednesday, August 12, 2015

Lady Rothschild Gains Larger Stake in Economist Magazine

Pearson has agreed to sell its 50 per cent stake in the publisher of the Economist magazine for £469m in cash, reports FT.

The deal will lead to Exor, the investment vehicle of the Agnelli family, paying £287m for most of Pearson’s stake — making it the single largest shareholder in the Economist Group, with 43 per cent of the equity.

The Economist Group will buy back the remainder of Pearson’s stake for £182m, increasing the stake of all the current shareholders.

The next largest shareholder will be Lady Lynn Forester de Rothschild (61)  and her husbandSir Evelyn Robert de Rothschild (83) with 26 per cent, up from 21 per cent

Lady Rothschild, a former Jersey gal ( Oradell, New Jersey), is the chief executive officer of E.L. Rothschild, a holding company she owns with her third husband, Sir Rothschild, a member of the Rothschild banking family.

Lynn Rothschild was introduced to Sir Rothschild by Henry Kissinger at the 1998 Bilderberg Group conference in Scotland, and they married on November 30, 2000.


No comments:

Post a Comment