Disposal of Falck Security BV - Netherlands

  • 02 Nov 2005 12:30
Group 4 Securicor, the international security solutions group, confirms that the sale of the manned security business of Falck Security B.V. to a subsidiary of Facilicom Services Group has now been completed. This follows the approval of both the Dutch Competition Authority (Nederlandse Mededingingsautoriteit) and the European Commission.
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The divested business was included in the Group 4 Securicor Interim Results announcement at its impaired value and disclosed as a £9.0 million ‘non-current asset held for sale’ as at 30 June 2005.

The disposal of the manned security business of Falck Security B.V. discharges the undertaking given to the European Commission by Securicor plc and Group 4 Falck A/S that this business, (together with Securicor Luxembourg S.A. and Group 4 Falck Cash Services UK Limited, which were both sold to Brink’s Incorporated in March 2005), would be divested as a condition of European Commission approval for the merger in 2004 of Securicor and Group 4 Falck.

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