Disposal

Rentokil Initial PLC 27 September 2000 RENTOKIL INITIAL MAKES FURTHER DISPOSALS FOR £17 MILLION Rentokil Initial announces that, as part of its programme of disposing of non-core businesses, it has sold two businesses to their managements for a total of £17 million. Its UK scaffolding business, Initial Deborah Services, has been sold for £6.5 million, and Sparrows Offshore Services Limited was sold for £10.5 million. In 1999 Initial Deborah Services had a turnover of £45.8 million and Sparrows Offshore Services had a turnover of £26.7 million. Sir Clive Thompson, the Chief Executive of Rentokil Initial, commented that: 'These sales bring total sales proceeds to date for the disposal of non-core activities to £562 million. We expect to complete the disposal programme by the end of the year as planned and 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 833022
UK 100

Latest directors dealings