De La Rue Pays In Cash

De La Rue, the world's largest non-governmental banknote printer and passport maker, will sell part of its Cash Systems unit to private equity firm The Carlyle group for US$707mn, increasing its planned cash return to shareholders to US$903mn. Pending regulatory and shareholder approval, the divestiture should earn De La Rue US$648mn. The Cash Systems unit, makers of ATM and coin counting machines, made US$563mn in revenue in the last financial year, and US$67mn in profits.

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