G4S, the leading global security company, is pleased to report that, as part of the transaction announced on 26 February 2020, it completed the sale of its conventional cash businesses in Estonia, Latvia and Lithuania on 14 September for aggregate proceeds of around £49 million.
Progress on completion of sale of conventional cash businesses
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G4S has now completed and received approximately 83% of the proceeds anticipated from the sale of its conventional cash businesses to The Brink’s Company.
The substantial majority of the remaining completions are scheduled to occur during the remainder of 2020.
The sale of the majority of the conventional cash businesses greatly enhances the Group’s strategic, commercial and operational focus and strengthens further its financial position.
The substantial majority of the remaining completions are scheduled to occur during the remainder of 2020.
The sale of the majority of the conventional cash businesses greatly enhances the Group’s strategic, commercial and operational focus and strengthens further its financial position.