Friday 26 May 2023

California-based precious metals platform A-Mark Precious Metals, Inc. (NASDAQ: AMRK) has acquired a 25% ownership stake in Atkinsons Bullion & Coins, the parent company of UK-based Atkinsons, an online retailer of precious metals, bullion and coins, the company said.

Terms of the transaction were not disclosed.

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 and Atkinsons have entered into a three-year supplier agreement which includes a renewal provision.

A-Mark Precious Metals, Inc. is a fully integrated precious metals platform that offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers via a portfolio of channels.