Central Banking

De La Rue sells cash systems business to Carlyle

Carlyle Group, a private equity firm, looks set to buy the cash systems business of De La Rue, the biggest private printer of banknotes, for £360m ($704m).

The sale would include the group's automated teller machine operations but exclude the sale of its systems for cash processing.

Nicholas Brookes, the chairman of De La Rue, said: "The disposal of cash systems, in the more uncertain economic environment, reflects the quality of the business that we have built since 2004 and crystallises its

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