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De La Rue Authentication Sale Secures Finances and Future

De La Rue has announced that it will sell its Authentication Division to Crane NXT for a cash consideration representing an enterprise value of £300 million. The sale will enable it to pay off a revolving credit facility due for repayment next July and significantly reduce the deficit in its legacy defined pension benefit scheme, leaving it focus on its core currency business.

People in the News

The Brazilian President has nominated Gabriel Galípolo to be the next Gove…

Free Article

CIT Monopoly in New Zealand Risks Repeat of Probl…

New Zealand’s Commerce Commission has cleared the way for Evergreen NZ Holdings to acquire 100% of the shares…

News in Brief

Sesami Cash Management Technologies Corporation, a subsidiary of security …

Estonia Drops Lowest Denomination Coins

Estonia is set to introduce new rounding rules next year, with the country…

Editors Choice

CBPM’s Green Alternatives for Thread Production

China Banknote Printing and Minting (CBPM) has been implementing a series of clean production and carbon reduction measures in the production of raw materials such as paper, thread, and ink, such as using-toxicity auxiliary materials and reducing pollutants, in order to make the production of the renminbi and other currencies more environmentally friendly.

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