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De La Rue Sees Prolonged Talks Over Troubled State Contract

De La Rue Plc, the world’s biggest printer of banknotes, said it is set for prolonged talks with a major government client affected by a deliberate breach in paper quality last year.

Supplies to the client remain suspended for now, De La Rue Chief Executive Officer Tim Cobbold, declining to identify the buyer for confidentially reasons. Francois-Charles Oberthur Fiduciaire SA, which this week abandoned a takeover approach, named the De La Rue client as the Reserve Bank of India.