Banknote printer De La Rue said on Tuesday Britain’s Serious Fraud Office had closed a year-long investigation into “suspected corruption” in the company’s business conduct in South Sudan with no further action.
Shares in the company, which holds the contract to design and print the Bank of England’s new polymer notes, were seen rising more than 10%, according to premarket indicators.
“De La Rue is pleased that the SFO has closed its investigation and that the SFO is taking no further action in respect of this matter,” it said in a statement.
The company has designed and printed all new currency of South Sudan since its secession from the north in 2011.
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