Oberthur is seeking to sell a 60% stake of its smart card business for nearly €600 million, Financial Times reports. US private equity firms Advent International and One Equity Partners are the two potential buyers for the majority stake.
The remaining 40% interest will be retained by the current majority owner Savare family. The proceeds will help the French firm re-launch a bid for U.K. banknote printing company De La Rue. Bain Capital and PAI Partners had also previously bid for the deal.
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