De La Rue boosts Africa presence with Kenya deal
Kenyan government takes 40% stake in De La Rue’s Kenyan factory
British banknote printer De La Rue has entered into a joint venture with the Kenyan government as part of its recent manufacturing review, the firm announced on August 18.
As part of the arrangement, the Kenyan government will pay £5 million ($6.6 million) for a 40% stake in the company's wholly-owned subsidiary, De La Rue Kenya EPZ.
"The joint venture fits with our strategy of expanding into key growth markets through long-term partnerships," said chief executive Martin Sutherland. "It will
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