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BoE names De La Rue preferred bidder for plastic banknotes

Reuters - UK Focus

LONDON, Sept 8 (Reuters) - The Bank of England has named British banknote printer De La Rue (Other OTC: DELRF - news) as the preferred bidder for its polymer banknote printing contract.

The company, which has printed Britain's banknotes since 2003, is expected to sign a contract in October and commence printing in April 2015, the BoE said in a statement.

Shares (Frankfurt: DI6.F - news) in the De La Rue were up 3.1 percent to 765 pence by 0716 GMT, after climbing to a session high of 775 pence. (Reporting by Li-mei Hoang, Editing by Paul Sandle)