The company which prints banknotes from the Bank of England is on the verge of a historic takeover which would see it belong to investors in investment for the first time since its foundation 212 years ago.
Sky News has learned that Alas Holdings, a buyout company based in the United States, is in advanced discussion of an offer of 130p by the side of the street.
The main investors of the listed company in London would have been invited to provide irrevocable companies to accept the offer, a shareholder saying that an agreement recommended by the board of directors of the street was to be announced on Tuesday morning.
If it is finished, a buyout agreement would end almost 80 years of the status of street as a heavy business of London scholarship, after having made its debut in public society in 1947.
Based in Greenwich, Connecticut, Atlas Holdings focuses on the acquisition of companies in sectors such as industrialists, trading and energy.
Among the companies it has in Europe are ASG and BOVIS, a group of British construction services based in London.
Banking sources have declared that the 130p offer by a share for the street would represent a robust bonus at a price which flowed below 50p in mid-2023, but which has since recovered to end at 112p on Monday evening.
Atlas Holdings would have written bankers from Lazard to advise him, while the street is advised by Deutsche Numis.
The Atlas Holdings offer does not include the street authentication division, which is sold in Crane NXT listed in the United States in a transaction of 300 million pounds Sterling which took an additional step towards completion last week.
The product of this agreement has been reserved to reimburse loans and reduce its pension scheme deficit.
The arm of the street currency prints money for a large number of central banks around the world, including in the Americas, Asia, Africa and Europe.
He has printing sites in the United Kingdom, Kenya, Malta and Sri Lanka.
In 2020, the Bank of England announced that it had extended the contract of the street from the end of 2025 until 2028.
At the time, there were 4.4 billion tickets from the Bank of England in circulation with a collective value of around 82 billion pounds sterling.
From the street has executed an official sales process under the rules of the buyout panel, with a series of games that would have expressed their interest since the start of the period at the end of last year.
Among his potential contenders, was Edi Truell, the city’s financier and pension entrepreneur, who submitted a proposal from 125p-A-Share in January.
Street directors have explored the options in recent months to maximize the value of shareholders who have been blowing for a long time, including an autonomous sale of the currency printing company or other proposals to acquire the whole company.
The group’s assessment has been under tension for years, with doubts at a given time to find out if it could extinguish insolvency.
After being assailed by a series of business misadventures, including a series of profit warnings, a public row with his auditor and his challenges in his operations in countries such as India and Kenya, he was forced to seek retirement spaces in retirement by postponing tens of millions of pounds of payments in his pension plan.
Shortly after, the company parachuted to Clive Withy Withy, a convenience store of the experienced company, as president, with the mandate to repair its beaten finances.
Since then, his stock has recovered and has increased by 37% in the past year.
From the street traces its roots at 1813, when Thomas de la Rue created a printing company.
Eight years later, he started producing straw hats, then moved into the impression of stationery, according to an official story of the company.
His first paper money was produced for the government of Mauritius in 1860 and, in 1914, he began to print notes of 10 plates for the British government when the First World War was launched.
Of the street was contacted to comment, while Atlas Holdings could not be joined to comment on Monday evening.