Disposal of G4S Cash Services France SAS

  • 03 Jul 2007 16:48
G4S the international security solutions group announces the disposal of G4S Cash Services (France) SAS to Loomis France Holdings SAS for a cash consideration of €24.4 million(1).
G4S logo

Although the French cash services business has a relatively strong position in the Paris market, its modest overall market share means that it is unlikely to meet, on any reasonable timeframe, the group's strategic objective, which is to attain either a number one or two position in each of its national cash services markets.

Note:

(1) €3.4m of the total cash consideration is to be held in escrow pending certain closing conditions which are expected to be satisfied by 30 November 2007.

^