G4S PLC to Sell The Majority of Its Conventional Cash Handling Business to Brinks Co Call Transcript
Hi. Good afternoon, everyone. Thank you for joining this webcast at short notice. This is Helen Parris. And I'm joined by Ashley Almanza, our Chief Executive Officer. Ashley will now make a short presentation using the slides that accompany this webcast and then we have some time for Q&A. So Ashley?
Thank you very much, Helen. Before we turn to the presentation, ladies and gentlemen, can I draw your attention to the customary disclaimer on Slide 2 of the pack and ask you to please read that carefully.
Now turning to the transaction, which we announced this afternoon. We have, today, agreed to sell the majority of our conventional Cash businesses to The Brink's Company. The businesses that are being sold have revenues of around GBP 600 million and profits of GBP 67 million for the full year 2019. That's profit before interest, tax and amortization. These businesses have approximately 25,000 employees, G4S employees, who will transfer to The Brink's Company
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