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Edmond De Rothschild Takes Stake In China Fund
Tom Burroughes
26 November 2008
Private bank
La Compagnie Financiere Edmond de Rothschild Banque has taken a 15.4 per cent stake in China-based Zhonghai Fund Management, worth RmB150 million , according to media reports. The stake was sold by Yunnan Tobacco Xingyun Investment. Rothschild could not be immediately reached for comment by WealthBriefing. The deal comes at a time when the private bank has been deepening its ties with Chinese firms and banks. In September, the Bank of China acquired a 20 per cent stake in the bank, acquiring a €263.3 million stake.