Full Year Results 

G4S looks to unload cash business

G4S looks to unload cash business

G4S (GFS) is moving quickly with plans to separate its cash solutions business from the group. The support services group confirmed, alongside its full-year results announcement, that it has received unsolicited offers and is taking steps that will allow it to begin the separation process in the second half of 2019, but what form the separation will take is anyone’s guess at this stage. Analysts at Jefferies believe the “optimal outcome would be a competitive auction between trade buyers and private equity”. The broker calculated such a sale would net the group around £1.6bn-£1.9bn in proceeds, provided it includes retail cash offering Cash360 in the deal.  

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