Atlas Holdings bids for BoE currency printer De La Rue at 130 pence per share, Sky News reports

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Atlas Holdings bids for BoE currency printer De La Rue at 130 pence per share, Sky News reports

, Reuters - 3:41 PM ET 4/14/2025 default

(Reuters) - U.S.-based buyout firm Atlas Holdings is in advanced talks to take over Banknote printer De La Rue ( DELRF ) for about 130 pence per share, Sky News reported on Monday.

The deal recommended by De La Rue's ( DELRF ) board was likely to be announced as early as Tuesday morning, the report added, citing a shareholder.

The offer from Atlas Holdings does not include De La Rue's ( DELRF ) authentication division, per the report. This comes after the banknote printer announced last week that it is close to concluding the sales of its authentication division to Crane NXT ( CXT ) for 300 million pounds ($395.88 million).

The company has a market capitalization of 220 million pounds, according to data compiled by LSEG.

De La Rue ( DELRF ) and Atlas Holdings did not immediately respond to Reuters' requests for comment.

De La Rue's ( DELRF ) currency unit designs and prints banknotes, develops security features such as colour-shifting inks to prevent counterfeiting, and provides polymer substrate for more durable and eco-friendly banknotes.

($1 = 0.7578 pounds)

(Reporting by Janaki Venugopalan in Bengaluru; Editing by Alan Barona)

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