De La Rue is delighted to announce that it has today signed a new 10 year contract with the Bank of England to print its sterling banknotes at the Bank's facility in Debden, Essex.
As it prepares to move to plastic banknotes, the Bank of England has named De La Rue as the preferred bidder for a 10-year printing contract.
Incoming Bank of England governor Mark Carney has hinted that he could bring Canadian-style plastic cash with him.
De La Rue is bracing for confirmation from the Reserve Bank of India that it is to move to a new consortium of printers after the UK banknote maker's contract was suspended last year due to printing irregularities
Advent International has entered into exclusive negotiations on a €1.15bn deal to buy the card systems and identity divisions of Oberthur Technologies.
Shares in embattled British bank note maker De La Rue dipped this morning after it confirmed business with a major client - widely understood to be the Reserve Bank of India - is still suspended following printing irregularities.
British bank note maker De La Rue has rejected an improved, 935 pence a share, takeover offer from French suitor Oberthur.
French firm Oberthur has stepped up the pressure on takeover target De La Rue, claiming the British bank note maker recently lost out on a major order from a key customer.
UK banknote printer De La Rue, in the process of fighting off takeover interest from Oberthur Technologies, has appointed Tim Cobbold chief executive.
Following media speculation that it is the subject of a takeover bid from Oberthur Technologies, troubled UK banknote manufacturer De La Rue has confirmed it has received a "highly preliminary and opportunistic approach".
© Finextra Research 2014