(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)
