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De La Rue's Bank of England contract out to tender
De La Rue (DLAR) was hit by news that the Bank of England has put the £1bn contract to print sterling up for tender. The contract is set to start from April 2015 and will run for more than 10 years, producing an estimated 12 billion banknotes, according to the tender documents. The deal, which could be won by an overseas supplier, stipulates that all notes must be produced at the Bank of England's Debden site in Essex, that is currently leased and operated by De La Rue.