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Banknote printer De La Rue is in talks with a private equity firm about a possible investment.
A potential deal with Disruptive Capital would see it sell up to 40 per cent of the company at 125 pence per share, a 14 per cent premium to its share price before the 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 foreign exchange business were ongoing, but there was “no certainty” of a deal, he said.
Stock Boost: De La Rue is in talks with private equity firm Disruptive Capital
Basingstoke-based De La Rue reported a profit of £7.3m for the six months to September 28, up from £7.9m in the same period last year.
Revenue fell 10 per cent to £145m.
In October it reached a deal to sell its authentication business to US company Crane NXT for £300m.
Chief Clive Vacher said she had been approached by “multiple parties”. The company had been struggling due to a drop in demand for banknotes, but shares have risen nearly 30 percent this year.
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