3rd Dec 2019 17:47
(Alliance News) - Struggling banknote and passport printer De La Rue PLC on Tuesday said Crystal Amber Fund Ltd has doubled its stake in the company.
In a transaction on Friday last week, the Guernsey-based investor pushed its holding in the Basingstoke-headquartered company to just over 14%, from 7.1% previously.
De La Rue shares closed down 0.5% on Tuesday in London at 140.29 pence each.
Last week, the company halted dividend payments as it grapples with a growing debt pile, with the company warning it may risk breaking banking covenants, which in turn would put the company's future in doubt.
By George Collard; [email protected]
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