Edi Truell's Pension SuperFund Capital has contacted De La Rue with a revised 132.17p-a-share offer for the Bank of England's currency printer, Sky News learns.
Industry Minister Sarah Jones suggests another Chinese partner is a possibility, despite Business Secretary Jonathan Reynolds saying he "personally" wouldn't want to involve China in the UK's "sensitive" steel sector.
Kate, who is in remission from cancer, walked the shores of Lake Windermere in the Lake District last month with a group of Scouts from Cumbria and Stretford, Greater Manchester.
"These are public funds that had been demarcated for the defence of the realm and the protection of its armed services," prosecution lawyers said as six military clerks face sentencing on Tuesday.