British financier approaches banknote firm De La Rue over £245m takeover
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Banknote printer De La Rue has been approached over a £245 million takeover deal by British financier Edi Truell. The London-listed company held talks over the possible sale of a 40% stake to a consortium of two of Mr Truell’s companies, Disruptive Capital GP and Pension SuperFund Capital, last month. It had received an approach worth 125 pence per share for the stake but said on Thursday that Mr Truell’s Pension SuperFund Capital has now tabled a 125 pence per share preliminary offer for the entire company. The deal with Crane NXT will allow it to repay the loan in full, while also helping reduce the funding deficit on its former defined benefit pension scheme, according to De La Rue.
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UK banknote printer gets offer from investors who sought stake
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De La Rue in talks over near-£100m deal to sell stake
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