logo
Plus   Neg
Share
Email
Comment

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
Tech giants Amazon.com, YouTube and Twitter as well as Verizon Communications are exploring bids for digital streaming rights to the National Football League or NFL's Thursday Night Football package, according to media reports. The NFL is likely to strike a multi-year deal for the digital streaming rights. However, the television audience for the NFL has declined for two consecutive years. Wynn Resorts Ltd. said Friday that former Chief Executive Officer Steve Wynn is not entitled to any severance payment of other compensation from the company. Wynn resigned last week as CEO and Chairman of the board following allegations of sexual misconduct. In a regulatory filing, Wynn Resorts said it entered into a separation agreement between Steve Wynn, and Wynn Resorts Holdings LLC. Beverages giant Coca-Cola Company on Friday reported a net loss for the fourth quarter, reflecting a one-time charge related to the U.S. tax reform and a double-digit decline in revenues. However, adjusted earnings per share matched analysts' expectations, while revenues beat their estimates. The company's shares are rising more than 2 percent in pre-market activity.
comments powered by Disqus
Follow RTT