25th Sep 2008 10:05
25 September 2008 G4S PLC DISPOSAL OF G4S HOLDINGS (FRANCE) SAS
G4S, the international security solutions group, today announces that it has received an offer to acquire its entire shareholding in its manned security business in France, G4S Holdings (France) SAS, and that company's operating subsidiaries (together "G4S France") from Security Services Group S.C.A. ("Security Services Group").
Security Services Group is an affiliated portfolio company of Sun European Partners, LLP, the European adviser to Sun Capital Partners, Inc., a leading U.S.- based private investment firm ("Sun European").
On the basis of this offer, G4S France is commencing consultation with the relevant works councils in accordance with French labour laws. The management of both G4S France and Security Services Group will actively engage with the relevant works councils to ensure the successful completion of the consultation.
- Ends -
For further enquiries, please contact:
Helen Parris - Director of Investor Relations +44 (0) 1293 554400
Media enquiries:
Kevin Smith - Citigate Dewe Rogerson +44 (0) 7973 672649
Notes to Editors:
G4S is the world's leading international security solutions group, which specialises in outsourced business processes in sectors where security and safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in over 110 countries and over 570,000 employees. For more information on G4S, visit www.g4s.com.
About Sun European Partners, LLP
Sun European Partners, LLP is the European adviser to Sun Capital Partners, Inc., a leading U.S.-based investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 200 companies worldwide since Sun Capital's inception in 1995 in the United States, with combined sales in excess of ¢â€š¬27.0 billion ($40 billion). For more information, please visit www.SunEuropeanPartners.com.
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