De La Rue Rues Loss of U.K. Passport Contract But Won't Appeal
- Legal, commercial implications not in best interest: statement
- Stock drops in London as firm says cautious about year ahead
Photographer: Matt Cardy/Getty Images
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De La Rue Plc, the 200-year-old company that prints British passports, said it won’t appeal the U.K. government’s decision to award a contract post-Brexit to a Franco-Dutch rival.
Having considered “all of the legal and commercial implications,” an appeal is not in the best interests of the company, De La Rue said in a statement Wednesday. “We remain both surprised and disappointed by the decision of Her Majesty’s Passport Office to award the contract to a competitor.”