Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleEdi Truell's consortium withdraws its offer for De La Rue, which supports a $347M bid from Atlas Holdings, citing financing concerns.
(Reuters) -Britain's De La Rue said on Thursday a consortium of British financier Edi Truell's companies no longer intends to make an offer for the banknote printer.
Last month, De La Rue backed a $347 million takeover bid from U.S. private equity firm Atlas Holdings, while rejecting a higher preliminary proposal from Truell, citing concerns over its lack of committed financing and clear structure.
De La Rue, which printed the new King Charles III currency notes in the UK, has been working to stabilise its finances following a pandemic-era slump in demand driven by the rise of contactless payments.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Alan Barona and Shilpi Majumdar)
The main topic is Edi Truell's consortium withdrawing its offer for De La Rue, which supports a bid from Atlas Holdings.
De La Rue rejected Truell's offer due to lack of committed financing and a clear structure.
De La Rue is supporting a $347 million takeover bid from Atlas Holdings.
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