De La Rue (GB:DLAR) has released an update.
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De La Rue PLC has agreed to sell its Authentication Division to Crane NXT for £300 million, enhancing its financial position by repaying debts and addressing its pension scheme deficit. The divestiture will allow the company to focus on its leading Currency Division, with completion of the sale anticipated in the first half of 2025. This strategic move is expected to create a more resilient and flexible financial structure for the company and its stakeholders.
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