M&A Activity • Dec 20, 2013
M&A Activity
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National Storage Mechanism | Additional information
RNS Number : 0706W
Rentokil Initial PLC
20 December 2013
Rentokil Initial plc (FTSE: RTO) has today agreed to acquire the pest control division of Green Compliance Plc (the Business) for a total consideration of £4.0m in cash: £3.25m in initial consideration, with a further £0.75m payable over 12 months in line with normal contractual protections and the achievement of certain operational targets. The Business had audited revenues of £5.0m for the year ended 31 March 2013. The transaction is anticipated to complete on 31 December 2013.
Ends
About Rentokil Initial plc
Rentokil Initial is one of the largest business services companies in the world operating in Europe, the Americas, Asia Pacific, Middle East and Africa. It employs some 50,000 colleagues providing a range of services including pest control, hygiene, workwear, plants and facilities.
Enquiries:
Investors / Analysts enquiries:
Katharine Rycroft, Head of Investor Relations Rentokil Initial plc 01293 858 166
Media enquiries:
Malcolm Padley, Corporate Communications Rentokil Initial plc 07788 978 199
Justine McIlroy / Oliver Hughes Brunswick Group 020 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
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