De La Rue activist Crystal Amber increases stake to 4.58% from 3.11%
25 JUL 2018
De La Rue [LON:DLAR] shareholder Crystal Amber has increased stake in the UK-based banknote and passport printer from 3.11% to 4.58%. The transaction that took place on 20 July was reported four days later, according to the stock exchange disclosure.
Crystal Amber manager Richard Bernstein said De La Rue is at risk of hostile takeover bids from overseas unless it can focus on developing the technology side of the business, it was reported earlier.
As reported previously, Oberthur Technologies of France and US-based Crane Currency are considered potential bidders for the company.
Link to the stock exchange disclosure.