Central Banking

Oberthur given takeover deadline as De La Rue spat intensifies


Oberthur Technologies, a French banknote printing company, was on Monday set a 7 February deadline to make a firm offer for or back away from UK competitor De La Rue.

The Takeover Panel, an independent UK body tasked with oversight of mergers, on Monday set the deadline, as the fallout from an as-yet-unsuccessful bid made by Oberthur in November threatened to further weaken De La Rue, which was rocked by a paper fault last July.

"Following discussions with both parties' advisers, [the panel] has

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