December 3, 2019 / 3:56 PM / a month ago

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

Dec 3 (Reuters) - Activist fund Crystal Amber more than doubled its stake in De La Rue Plc, 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. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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