G4S: sale of conventional cash businesses progressing well
(CercleFinance.com) - G4S has now completed and received approximately 64% of the expected proceeds from the sale of its conventional cash businesses to Brink's, the British security firm said on Tuesday.
Under the deal, G4S has sold the majority of its cash businesses for an enterprise value of 727 million pounds, with expected net cash proceeds of approximately 670 million pounds, it added.
The great majority of the remaining completions are scheduled to occur in 2020, the company said.
The sale of the conventional cash businesses was originally announced in February.
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