Purchase of further interest in Hashmira Company Limited Israel

  • 06 Sep 2005 14:08
Group 4 Securicor plc, the international security solutions group, announces that it has purchased a further 21% of the shares of Hashmira Company Limited (“Hashmira”) in Israel, raising its interest in Hashmira to 71%
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The consideration of approximately £9.1m will be satisfied in cash. Hashmira has cash balances totalling approximately £10m.

Group 4 Falck acquired 50% of the shares in Hashmira in 2002. Hashmira is the largest security company in Israel, employing around 10,000 guards and providing a range of guarding and other security services.

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