De La Rue Plc, the printing systems group, is splashing out UKP31m to acquire a further 30% of Garny AG, the German manufacturer of banking automation and physical security systems in which it already holds 61%: the consideration is to be satisfied by UKP18.2m cash and the isuue of 2.7m new De La Rue shares; in the year to December 31, 1990, Garny made pre-tax profits the equivalent of UKP6.8m on UKP71m sales; net assets then stood at UKP17.5m; De La Rue is increasing its shareholding as a further step in its strategy of developing its worldwide payment systems business.
