G4S plc UK DK : Disposal

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News Desk 2018
G4S plc UK DK : Disposal

G4S plc 17 July 2014 Sale of G4S Secure Solutions AB ("G4S Sweden") to Sector Alarm Sverige AS ("Sector Alarm") G4S, the leading global security and outsourcing group, announces that it has agreed the sale of G4S Sweden to Sector Alarm for a total consideration of SEK 438 million (£37.4 million at current exchange rates) including cash and debt. G4S Sweden provides manned security and security systems to customers across Sweden. Commenting on the proposed divestment, Ashley Almanza, G4S Group Chief Executive said: "The sale of our business in Sweden is part our active portfolio management programme which we announced in November last year to improve our strategic focus, capital discipline and returns. We have implemented a number of operational improvements in G4S Sweden in the last 12 months, and this sale realises an attractive premium for shareholders while providing customers and employees with the prospect of a sustainable business in Sweden." The completion of the transaction is subject to customary closing conditions and regulatory approvals. G4S will work closely with customers, employees and employee representatives to ensure a smooth transition once the necessary approvals have been obtained. Investor enquiries: Helen Parris, G4S Director of Investor Relations                  +44 (0)1293 554400 Media enquiries: Piers Zangana, G4S Media Relations Manager                     +44 (0) 1293 554400 Faeth Birch, RLM Finsbury                                        +44 (0) 20 7251 3801 Notes to Editors: G4S Sweden employs 3,400 staff and provides manned security and security systems services to corporate and private customers across the country through its 36 offices and 50-strong partner network.  In 2013, G4S Sweden had annual revenues of SEK 1,261 million (£107.8 million at current exchange rates). About G4S G4S is the leading global integrated security company specialising in the provision of security products, services and solutions. The group is active in more than 120 countries, and is the largest employer quoted on the London Stock Exchange with more than 618,000 employees and has a secondary stock exchange listing in Copenhagen. For more information on G4S, visit www.g4s.com. [HUG#1828674]

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