The G4S Board is reviewing options for separating the Group’s Cash Solutions business from the core Group following the establishment of the Global Cash Solutions division last January.
Since 2013, G4S’ portfolio management programme has created a focused Group with two principal business segments: Secure Solutions and Cash Solutions. The Board believes that a separation of Cash Solutions has “the clear potential to enhance the focus and success of both businesses” while also unlocking substantial shareholder value.
The review of separation options has commenced and is expected to be completed during 2019. An update will be provided when the Group’s full-year financial results are issued next March.
G4S Group CEO Ashley Almanza said: “The implementation of our new organisation structure in January last year enables us to consider this separation in order to enhance the strategic, commercial and operational focus of both Secure Solutions and Cash Solutions. G4S Cash Solutions encompasses a unique portfolio of market-leading cash management businesses serving customers in 45 countries across the globe.”