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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