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Rothschilds Launch Sale of 27% Economist Group Stake as Lazard Opens Buyer Talks

Strict ownership limits enforced by independent trustees will shape any deal.

Overview

  • Formal discussions began this week with high‑net‑worth individuals and family offices in Europe and the United States, with Lazard leading the process.
  • The holding for sale is roughly 26.7–27% of The Economist Group and carries about 20% of the voting rights.
  • Marketing materials highlight governance influence, including the ability tied to the holding to propose non‑executive directors to the board, subject to the group’s rules.
  • Estimated pricing pegs the stake near £400 million, implying a valuation of about £800 million for the company, with a hoped‑for closing by year‑end.
  • Transfers of special share classes require trustee approval, and no investor can hold more than 50% of the economic interest or over 20% of the voting rights; Exor remains the largest shareholder at about 43.4%.