Anne-Marie Winton comments in The Mail on Sunday on De La Rue’s pension deficit
The British firm that lost out on a lucrative contract to print the UK’s first post-Brexit passports is facing accusations that its bid was inflated in an attempt to fill a vast pensions black hole.
De La Rue is grappling with an eye-watering £189 million pension deficit, which is almost 40 per cent of the company’s value and high enough to imperil its future, according to experts.
Anne-Marie Winton commented:
“De La Rue may well have thought, ‘We’re going to have to price this in a way that we can fund our deficit, which is very large and won’t go away overnight.’
“It could certainly explain why their bid was much higher. It’s something they may very well have considered.”
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