July 25, 2018 / 7:19 AM / in a month

Activist fund Crystal Amber raises stake in De La Rue to 4.58 percent - filing

(Reuters) - Activist fund Crystal Amber (CRSL.L) raised its stake in British passport maker De La Rue Plc (DLAR.L) to 4.58 percent, a filing showed on Wednesday.

Crystal Amber said in May that De La Rue was “highly vulnerable” to a takeover after disclosing a 3.11 percent stake in the company, which in April lost the contract for Britain’s new post-Brexit blue passports to Franco-Dutch digital security group Gemalto (GTO.AS).

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri

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