Published by Global Banking & Finance Review®
Posted on May 20, 2025
1 min readLast updated: January 23, 2026
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Adriatic Metals is in takeover discussions with Dundee Precious Metals, potentially valuing the UK firm at £700 million. A firm offer is expected by June 17.
(Reuters) -UK's Adriatic Metals said on Tuesday it was in talks with Canadian peer Dundee Precious Metals regarding a possible takeover.
Sky News, which first reported about the potential talks earlier in the day, said a deal could value the British firm at about 700 million pounds ($935.3 million), citing bankers.
Adriatic Metals said it has provided Dundee access to limited due diligence information.
Dundee is required to provide a firm offer or walk away from the talks by June 17, under the UK takeover rules.
($1 = 0.7484 pounds)
(Reporting by Anandita Mehrotra and Simone Lobo in Bengaluru; Editing by Shilpi Majumdar)
Adriatic Metals is in talks with Canadian peer Dundee Precious Metals regarding a possible takeover.
The potential deal could value Adriatic Metals at about 700 million pounds, which is approximately $935.3 million.
Dundee is required to provide a firm offer or walk away from the talks by June 17, under the UK takeover rules.
Adriatic Metals has provided Dundee access to limited due diligence information.
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