Banknote printer De La Rue close to £300m sale of authentication arm

Banknote printer De La Rue close to £300m sale of authentication arm

De La Rue, which traces its roots back 212 years, will announce on Monday that it is close to concluding the sale of a key division that will pave the way for a full break-up, Sky News learns.

Banknote Printer De La Rue Close To £300m Sale Of Authentication Arm - Great Yorkshire Radio

Sky News has learnt that De La Rue is expected to announce to the London Stock Exchange as soon as Monday morning that it has received agreement on a binding offer for its authentication arm from Crane NXT, the US-listed group. Banking sources said the deal – first announced last October – was now expected to be completed at the end of this month. The sale of the authentication division, which works with government clients by providing traceabil…