Central Banking

Oberthur seeks equity house support in De La Rue takeover bid: reports

De La Rue logo

Oberthur Technologies, the French banknote printer that has mounted an aggressive bid for De La Rue, a troubled British rival, is reportedly seeking the support of private equity houses to finance its takeover.

The Financial Times, a business newspaper, reported on Thursday that the firm had approached private equity houses with a proposal to sell them a convertible bond, which would convert to equity if the takeover is successful. The identities and responses of these firms were unknown, the

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