News in Brief

Enhanced Offer for De La Rue

On 12 December De La Rue made known that it had entered talks with a consortium to sell up to 40% of its equity, which would value the company at about £245 million. It had received a proposal of £1.25 per share is from private equity group Disruptive Capital GP and pension fund manager Pension SuperFund Capital – together, PSFC Entities.

Under London Stock Exchange rules, PSFC Entities had, by no later than 9 January 2025, to either announce a firm intention to make a partial offer or withdraw.

The partial offer is no longer under consideration. Instead PSFC Entities has made a preliminary possible conditional cash offer of £1.25 per share for the entire issued and to be issued share capital of the company.