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News Archive

CIT Sale

by Msecadm4921

Group 4 Securicor, the group formed from the merger in July 2004 of Securicor plc and Group 4 Falck A/S, has signed definitive agreements for the sale to Brink’s of Securicor Luxembourg SA and the Scottish business, Group 4 Falck Cash Services UK Limited, for Euro 29.5m.

These two disposals reflect undertakings given to the European Commission by Securicor and Group 4 Falck that they would divest the two businesses, as well as the manned security business of Falck Security in the Netherlands, as conditions for European Commission approval for the merger.

March 14 sees the company’s preliminary announcement of results to December 2004; and April 7 sees publication of annual report and accounts.