Re: Confidential
Fyi . Let s talk about i=
Ariane de Rothschild
Call with Jakob Stott —=Head of Europe for UBS WM. Jakob reports to Juerg Zeltner. He hired JFdL i= to UBS 3 years ago.
Key information from the image:
- They are excited about working together.
- They see it as an opportunity for synergies and market leadership.
- They are flexible on cash injection versus equity stake.
- They see cross-sell opportunities.
But.... There is a constraint on UBS which is=that they need to see a path to full (or majority) control.
I reiterated that 1) we are not seller and 2) if we=were it would be Edr Group and not just France.
They would be happy to consider Group.
They would like to data crunch to have a better und=rstanding of what we are talking about.
Options/Suggestions:
We tell them, we are not interest=d and close the discussion
We data crunch and let them =80 buy" 15-20% in EdR France with a call option to 51% (or more)=in S
years
- We do 2) at Group level=/u>
Thoughts?<=p>
EF
its a longer discussion, but i would be happy for yo= to take between 2-3 b . and be done. its nunaced and fi=cally delicate. I will try to come to paris