Reuters: Private Equity: G4S says exploring Danish divestment

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G4S says exploring Danish divestment May 14th 2012, 12:07 COPENHAGEN | Mon May 14, 2012 8:07am EDT COPENHAGEN May 14 (Reuters) - Security firm G4S said on Monday it was exploring various alternatives for its Danish operations, including a possible divestment but talks with potential buyers were at a very early stage. The London and Copenhagen-listed company's statement followed a report in Danish financial daily Borsen that G4S was preparing to sell a large part of its Danish business in a deal that would be worth more than 1 billion crowns ($174.13 million). "We can confirm that we are investigating a number of options for our Danish business, one of which could include a divestment - the decision to divest of any part of the business would be based on our ability to achieve the appropriate value," G4S said in a brief email statement. "Discussions with potential acquirers are at a very early stage and therefore we are unable to discuss any further details," G4S said. "There is no guarantee that a transaction will proceed." Borsen said a number of private equity investment groups were looking at the Danish operations that G4S was selling.

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