Banknote printer De La Rue is in discussions with a private equity firm about a potential investment.
A possible deal with Disruptive Capital would see it sell up to 40 per cent of the firm for 125p per share, a 14 per cent premium on its share price before talks were announced.
De La Rue shares rose 2.3 per cent, or 2.5p, to 112p following the disclosure.
Talks with other parties about the sale of its currency business remained ongoing but there was ‘no certainty’ of a deal, it said.
Shares boost: De La Rue is in talks with private equity firm Disruptive Capital
Basingstoke-based De La Rue reported a profit of £7.3million for the six months to September 28, down from £7.9million in the same period last year.
Revenues fell 10 per cent to £145million.
In October it did a deal to sell its authentication business to US firm Crane NXT for £300million.
Boss Clive Vacher said it had been approached by ‘multiple parties’. The firm had been struggling due to a downturn in demand for banknotes but shares are up nearly 30 per cent this year.
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