Disposals

Rentokil Initial PLC 30 August 2000 RENTOKIL INITIAL MAKES FURTHER DISPOSALS FOR £8 MILLION Rentokil Initial announces that, as part of its programme of disposing of non-core businesses, it has sold two businesses for £7.8 million. Its French distribution business, Initial Rouch Intermodal has been sold to the French company SEGI (part of the SNCF group) for FFr. 29.4 million (£2.8 million). It has also sold the UK crawler cranes business which is part of Initial GWS to Weldex International Offshore Limited for £5 million. In 1999 Initial Rouch Intermodal had a turnover of £17.9 million and the UK crawler cranes business had a turnover of £5.3 million. Sir Clive Thompson, the Chief Executive of Rentokil Initial, commented that: 'These sales represent a continuation of the disposal programme for non-core activities to bring total sales proceeds to date to £545 million, well in line with our target of achieving proceeds of at least £600 million.' Press enquiries: Sir Clive Thompson, Chief Executive C T Pearce, Finance Director 01342 333022
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