27th Dec 2007 10:11
Rentokil Initial PLC27 December 2007 27 December 2007 RENTOKIL INITIAL COMPLETES SALE OF FRENCH ELECTRONIC SECURITY BUSINESS TO UTC FOR GBP83 MILLION Further to the announcement on 2 July 2007 of the sale of its electronicsecurity businesses in the UK, the Netherlands and the USA to UnitedTechnologies Corporation ("UTC"), Rentokil Initial plc (LSE: RTO) announces thatall conditions of the sale of Initial Electronic Security Group have now beenmet, including all regulatory conditions relating to the sale of the Frenchbusiness, Initial Delta Securite. The sale of Initial Delta Securite, representing the remaining 14% (£83 million)of the total offer value for Initial Electronic Security Group, has today beencompleted. The proceeds were received in cash. Ends Enquiries: Rentokil Initial plcMalcolm Padley, Corporate Communications - 020 7592 2748 / 07788 978 199Katharine Rycroft, Investor Relations - 020 7592 2749 / 07811 270 734 Brunswick GroupKate Holgate - 020 7404 5959/07974 982402Tom Williams - 020 7404 5959/07834 502 361 Note to Editors Rentokil Initial is one of the largest support services companies in the world,operating in all the major economies of Europe, North America, Asia Pacific andAfrica. The company provides a wide range of services in over 40 countriesincluding textiles and washroom services, pest control, office plants andartwork, parcels delivery, retail cleaning and facilities services. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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