Activist Crystal Amber doubles stake in Britain's De La Rue

FILE PHOTO: The corporate logo of De La Rue is seen at De La Rue Malta at Bulebel Industrial Estate in Zejtun, Malta April 24, 2018. REUTERS/Darrin Zammit Lupi - Copyright Darrin Zammit Lupi(Reuters)

By Reuters

Published on 03/12/2019 - 17:04•Updated 19/04/2024 - 11:09

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(Reuters) - Activist fund Crystal Amber more than doubled its stake in De La Rue Plc <DLAR.L>, days after the banknote and printer warned of "significant doubt" that it can continue as a going concern and said it would scrap its dividend to tackle mounting debt.

Crystal Amber on Tuesday disclosed a stake of 14.33% as at Nov. 29, from an earlier stake of 7.12%, making the fund De La Rue's biggest investor.