Currency printer De La Rue will sell its authentication business for €358 million (£300 million), including debt, to its U.S.

One source said that under the revised UK listing rules, De La Rue would not be required to seek shareholder approval for the deal. The move will fuel speculation that a sale of its currency ...

De La Rue has found a buyer for its authentication division, agreeing to sell the business to US rival Crane NXT for £300m ($391m) in cash. The announcement comes just a few months after the ...

The Basingstoke, Hampshire-based De La Rue provider of authentication software and currency printing services said the planned sale to Crane NXT Co represents an enterprise value of GBP300 million. De ...

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De La Rue has an obligation to repay the facility on or before 1 July 2025 – and had previously flagged that it had insufficient liquidity to repay it if it was unable to successfully conclude a sale.

The Basingstoke, Hampshire-based De La Rue provider of authentication software and currency printing services said the planned sale to Crane NXT Co represents an enterprise value of GBP300 million.

The proceeds from the sale would allow De La Rue to repay its existing revolving credit facility in full, reducing its leverage to a net cash position. It said it also planned to pay £30m as an ...

It will leave De La Rue to focus on its banknote design and printing business when the sale is expected to be complete early next year. De La Rue shares rocketed 15.4 per cent to 108.5p by mid ...