De La Rue launches currency and secure printing jv with Kenyan government

BRUSSELS, April 25, 2019 (PPI Europe) -De La Rue has kicked off its joint venture (jv) with the government of Kenya at its currency and secure printing site in Nairobi. The site is slated to become a hub for banknote production and security printing as set out in De La Rue’s manufacturing restructuring, which is now nearing completion.

Under the terms of the jv, the National Treasury of Kenya has taken a 40% stake in De La Rue’s wholly owned subsidiary, De La Rue Kenya EPZ. De La Rue will continue to operate and manage the business day to day and ...

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