Reuters: Private Equity: G4S close to sale of Danish operations -paper

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

G4S close to sale of Danish operations -paper May 14th 2012, 08:56 COPENHAGEN | Mon May 14, 2012 4:56am EDT COPENHAGEN May 14 (Reuters) - Security firm G4S is preparing to sell a large part of its Danish operations in a deal that is expected to be worth more than 1 billion Danish crowns ($174.13 million), Danish financial daily Borsen said on Monday. Borsen cited banking and legal sources familiar with the matter as saying that G4S was close to a sale of its alarm centres in Denmark, but would keep its Danish uniformed guards business. "G4S has not been able to earn decent money from the infrastructure part (of the business) in Denmark so now they are selling it," a source representing a potential buyer told the newspaper. A spokeswoman for G4S in Denmark declined to comment. The paper said that several private equity firms were interested in the operations that G4S was selling. The paper said the sale would be similar to divestments of operations in Norway, Poland and Sweden that G4S has carried out after the company failed last year to acquire Danish outsourcing firm ISS in a 5.2 billion pounds ($8.4 billion) deal. In March, G4S said it would return to targeting emerging markets, including Brazil, China and India, following the failed ISS takeover attempt. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions