Rothschild family reportedly plans to sell entire stake in The Economist

A copy of the Economist magazine from 2015. The Rothschilds hold a stake of 26.7 per cent in the company, according to a filing.

British philanthropist Lynn Forester de Rothschild is looking to offload her family’s entire stake in global media and information company The Economist, Axios reported on Tuesday, citing a source familiar with the transaction.

The Rothschilds hold a stake of 26.7 per cent – which includes about 20 per cent in voting shares – in the company founded in 1843, according to a filing.

The Economist also counts Italy’s Agnelli family’s financial arm Exor as a major shareholder, which holds a stake of around 43.4 per cent in the company.

The stake sale, at the upper end, could value the entire Economist Group at roughly £800-million (US$1.07-billion), the report sai