logo
Share SHARE
FONT-SIZE Plus   Neg

G4S To Buy Deposita - Quick Facts

G4S plc (GFS.L, GFSZY.PK) announced it has agreed to acquire Deposita Systems Pty Ltd together with certain related intellectual property rights. Deposita is the South African market leader in cash devices and related cash-in-transit, cash processing and insurance for the retail sector. G4S said the acquisition will significantly strengthen its position in the South African retail cash technology marketplace.

The acquisition is to be undertaken by G4S Cash Solutions Proprietary Limited, a provider of cash solutions in South Africa, from AFGRI Operations Pty Ltd, a wholly owned subsidiary of AFRGI Limited, and Fox Business Trust.

Upon completion, G4S will own 87% of the shares in Deposita and pay total consideration of 8.2 million pounds post debt restructuring.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Kellogg's is entering into restaurant business with the opening of a new cafe in New York City, exclusively for cereals that may cost around $8 per bowl, reports said. The cafe, to be known as Kellogg's NYC, will be launched officially on July 4 in the heart of Times Square. Small businesses, who want to use Twitter to connect with their customers, have a new helper. The online social networking service provider has launched a standalone application: Twitter Dashboard. The company said in blog post that the new service is launching into beta in the U.S. and is available online at dashboard.twitter.com or via the Dashboard app in the App Store. Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its fourth-quarter profit dropped 2 percent from a year ago, hurt largely by lower-than-expected revenues and weak margins. Shares of the company slipped over 6 percent in the after-hours trading. Beaverton, Oregon-based...
comments powered by Disqus
Follow RTT