Business
Disposal
Disposal.
About this update from Rentokil Initial Plc
[{"type":"text","content":"\n Rentokil Initial PLC\n27 December 2007\n\n\n27 December 2007\n\n\n RENTOKIL INITIAL COMPLETES SALE OF FRENCH ELECTRONIC SECURITY BUSINESS TO UTC\n FOR GBP83 MILLION\n\n\nFurther to the announcement on 2 July 2007 of the sale of its electronic\nsecurity businesses in the UK, the Netherlands and the USA to United\nTechnologies Corporation ('UTC'), Rentokil Initial plc (LSE: RTO) announces that\nall conditions of the sale of Initial Electronic Security Group have now been\nmet, including all regulatory conditions relating to the sale of the French\nbusiness, Initial Delta Securite.\n\nThe sale of Initial Delta Securite, representing the remaining 14% (£83 million)\nof the total offer value for Initial Electronic Security Group, has today been\ncompleted. The proceeds were received in cash.\n\n\n Ends\n\n\nEnquiries:\n\nRentokil Initial plc\nMalcolm Padley, Corporate Communications - 020 7592 2748 / 07788 978 199\nKatharine Rycroft, Investor Relations - 020 7592 2749 / 07811 270 734\n\nBrunswick Group\nKate Holgate - 020 7404 5959/07974 982402\nTom Williams - 020 7404 5959/07834 502 361\n\nNote to Editors\n\nRentokil Initial is one of the largest support services companies in the world,\noperating in all the major economies of Europe, North America, Asia Pacific and\nAfrica. The company provides a wide range of services in over 40 countries\nincluding textiles and washroom services, pest control, office plants and\nartwork, parcels delivery, retail cleaning and facilities services.\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]