Edition:
India

De La Rue Sells International Identity Solutions Business To HID Corp For 42 Mln Pounds


Wednesday, 12 Jun 2019 

June 12 (Reuters) - De La Rue PLC ::SALE OF INTERNATIONAL IDENTITY SOLUTIONS BUSINESS.PROPOSED DEAL FOR CASH CONSIDERATION OF £42M.SALE PROCEEDS WILL STRENGTHEN GROUP'S BALANCE SHEET.TRANSACTION IS EXPECTED TO COMPLETE WITHIN THIS CALENDAR YEAR.UK PASSPORT CONTRACT IS OUTSIDE SCOPE OF AGREEMENT.AGREEMENT ALSO INCLUDES DE LA RUE PROVIDING PRINTING SERVICES TO HID GLOBAL UNTIL MARCH 2022.