Rothschild sells stake to Rabobank

Dutch banking group Rabobank is set to become the first new external shareholder in Rothschild in nearly three years after striking a deal today with the independent investment bank to co-operate on equity capital markets and mergers and acquisitions advisory work in the food and agriculture sectors.

The deal marks Rothschild's first co-operation since the bank ended its equity underwriting joint venture with ABN Amro in December last year.

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