Completion of Sale of International Identity Solutions business
De La Rue plc, the world's premier currency and authentication provider, announces that it has completed the sale of its International Identity Solutions business to HID Corporation Limited, an ASSA ABLOY Group company, for a cash consideration of GBP42m on a cash-free, debt-free basis. This transaction was first announced on 12 June 2019.
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
This transaction constituted a class 2 transaction for the purposes of the Financial Conduct Authority's Listing Rules.
The person responsible for the release of this announcement on behalf of De La Rue plc is Helen Willis (Chief Financial Officer).
Not sure what really caused the recent drop, sellers needing funds, but the trade sizes were not that large so contemplating a similar approach from these levels. If we see a deal struck between the US and China maybe a bounce in commodity prices.