DE LA RUE facing inquiry by Oberthur Technologies

De-La-RueBANK NOTE copier, De La Rue was advised yesterday by its French conquest suitor to own up its rapport with the Reserve Bank of India. Oberthur Technologies, with £900million offer approach for De La Rue was rejected previous month, expressed that it feels associations among De La Rue and its major customer had been "significantly damaged" later faulty banknote paper was presented previous summer.

In November, De La Rue expressed that it might drop a best customer as an effect of its fabrication issues however has never exposed a name. Yesterday, Oberthur expressed that it had "basis to consider" a fresh tender for the source of 16,000 tons of paper for the Reserve Bank of India that had been honored to four contestants of De La Rue.

It asked De La Rue to "notify the market" if it was an ineffective contributor in the proposal or if it had been called for the tender.

Jean-Pierre Savare, Oberthur president expressed that the vital queries required answer, however supplemented that its 905p per share offer tender that considered the loss of the Indian agreement, still positioned.