Danish auction set to bring in £100m for security group G4S
SECURITY group G4S could raise around £100m after opening talks to sell part of its Danish business.
The London and Copenhagen-listed firm said it was looking at several options including a divestment. Any deal would be dependent, however, on achieving a decent price in the depressed market for mergers and acquisitions.
“Discussions with potential acquirers are at a very early stage and therefore we are unable to discuss any further details,” G4S said in a statement.
Several private equity houses are looking at a large part of G4S’ Danish operations for 1bn Krona (£107m), according to paper Borsen.
G4S also runs prisons, provides cash-guarding services and is the official Olympic Games security provider. It wants to grow or buy companies in Brazil, India and China after a failed £5.2bn merger with a Danish catering firm last year.