Rentokil Initial PLC
27 December 2007
27 December 2007
RENTOKIL INITIAL COMPLETES SALE OF FRENCH ELECTRONIC SECURITY BUSINESS TO UTC
FOR GBP83 MILLION
Further to the announcement on 2 July 2007 of the sale of its electronic
security businesses in the UK, the Netherlands and the USA to United
Technologies Corporation ('UTC'), Rentokil Initial plc (LSE: RTO) announces that
all conditions of the sale of Initial Electronic Security Group have now been
met, including all regulatory conditions relating to the sale of the French
business, Initial Delta Securite.
The sale of Initial Delta Securite, representing the remaining 14% (£83 million)
of the total offer value for Initial Electronic Security Group, has today been
completed. The proceeds were received in cash.
Ends
Enquiries:
Rentokil Initial plc
Malcolm Padley, Corporate Communications - 020 7592 2748 / 07788 978 199
Katharine Rycroft, Investor Relations - 020 7592 2749 / 07811 270 734
Brunswick Group
Kate Holgate - 020 7404 5959/07974 982402
Tom Williams - 020 7404 5959/07834 502 361
Note to Editors
Rentokil Initial is one of the largest support services companies in the world,
operating in all the major economies of Europe, North America, Asia Pacific and
Africa. The company provides a wide range of services in over 40 countries
including textiles and washroom services, pest control, office plants and
artwork, parcels delivery, retail cleaning and facilities services.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.