G4S plc UK DK : Acquisition
24 April 2012
Divestment of Polish Business
G4S, the world's leading international security solutions provider, announces that G4S International (DK) A/S has entered into a preliminary share purchase agreement, conditional upon receipt of local competition approval, for the disposal of G4S Holdings (Polska) Sp. Z.o.o. which, together with its subsidiary companies, comprises all of G4S's businesses in Poland. Upon completion of the transaction, the businesses will be sold to the Polish security firm, Konsalnet Holding S.A., for a cash consideration of £8.467m.
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G4S is the world's leading security solutions group, which specialises in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat. G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in over 125 countries and more than 657,000 employees. For more information on G4S, visit www.g4s.com.
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Source: G4S plc UK DK via Thomson Reuters ONE