A-Mark Precious Metals Closes Previously Announced Purchase of Minority Interest in United Kingdom-Based Atkinsons Bullion & Coins
EL SEGUNDO, May 25, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that it has closed its previously reported agreement to purchase a 25% ownership interest in the parent company of Atkinsons Bullion & Coins (“Atkinsons”).
- EL SEGUNDO, May 25, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that it has closed its previously reported agreement to purchase a 25% ownership interest in the parent company of Atkinsons Bullion & Coins (“Atkinsons”).
- Founded in 1990, Atkinsons, which reported revenue of over $130 million in calendar 2022, is a leading United Kingdom-based online retailer of precious metals, bullion and coins.
- In connection with the agreement, A-Mark received an option, exercisable starting in May 2025, to acquire an additional 24.5% ownership interest in Atkinsons, which, if exercised, would increase A-Mark’s ownership interest to 49.5%.
- “A-Mark has been working closely with the Atkinsons team since we announced our proposed investment in February.