De La Rue Considers £245 Million Takeover Offer from British Financier

The historic banknote printer evaluates Edi Truell's conditional bid as it navigates financial challenges and a changing market.

De La Rue, a 200-year-old British company known for printing banknotes, has received a conditional takeover offer from financier Edi Truell worth 125p per share, valuing the firm at £245 million.
The offer is contingent on De La Rue completing the £300 million sale of its authentication division to Crane NXT, a deal announced in October 2024.
Shares in De La Rue surged by 12% following news of the full takeover bid, which represents a 25% premium over its recent share price.
De La Rue has faced significant challenges, including declining cash usage, multiple profit warnings, and financial strain, but remains a leader in global currency printing with contracts for central banks worldwide.
The company has until February 6 to decide whether to accept Truell's offer, while continuing discussions with other parties regarding the sale of its currency division.