Reserve Bank of Australia sells subsidiary to PE-backed Innovia
The Reserve Bank of Australia (RBA) is to sell its 50% stake in Securency International, a company which produces polymer-based print material for banknotes, to Innovia Films, a UK packaging manufacturer backed by Arle Capital Partners. Innovia already owns the other 50% of Securency.
In a statement, RBA said the sale is in accordance with the its intention to exit the joint venture once Securency had established itself as a viable long-term supplier in the international market for...
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