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NEUTRAL

De La Rue Acquisition Update: NSIA Condition Satisfied

Why we think this is neutral

This RNS announcement provides an update on the recommended acquisition of De La Rue plc, stating that the NSIA condition has been satisfied. As it does not contain any financial or operational updates, the sentiment is neutral.

Key Points

  • NSIA condition for the acquisition of De La Rue plc by ACR Bidco Limited has been satisfied
  • The Scheme remains subject to the satisfaction or waiver of the remaining conditions

Summary

The industrial services company has announced the satisfaction of a key condition for its acquisition, moving the process forward.

De La Rue plc has announced that the Secretary of State has notified the company and the acquirer, ACR Bidco Limited, that no further action will be taken under the National Security and Investment Act 2021 in relation to the acquisition. This means the NSIA condition has now been satisfied, and the Scheme remains subject to the satisfaction or waiver of the remaining conditions.

GENERAL UPDATE