De La Rue in talks over near-£100m deal to sell stake

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Banknote printer De La Rue has revealed talks to sell up to a 40% stake in the business for £98 million as it also explores a possible sale of the currency division. De La Rue said: “The PSFC Entities have indicated that they are not seeking statutory control of the company and have confirmed their support for the company’s management and current strategy, including the announced disposal of the authentication division and the ongoing discussions with other parties in relation to the company’s currency division.” We're not in any hurry to do anything strategic in terms of a sale Clive Vacher, De La Rue chief executive De La Rue chief executive Clive Vacher told the PA news agency the firm had been approached by “multiple parties” interested in a deal. He said: “We’re not in any hurry to do anything strategic in terms of a sale, but it’s right for us to pursue these discussions to see if it ultimately turns out to be the right thing for out stakeholders.” The 211-year-old group agreed the sale of its authentication arm to US-based firm Crane NXT in October in a deal worth £300 million. Our currency business is absolutely flying Clive Vacher, De La Rue chief executive But Mr Vacher said the group’s currency business had a brighter outlook thanks to recent contract wins, with its order book standing at £338 million at the end of November.