Rentokil Initial's Sale of Workwear Division in France Is a Long-Awaited Move -- Market Talk

Dow Jones

05/28

0913 GMT - Rentokil Initial's sale of its workwear division in France positions the company as a more streamlined business, JPMorgan analysts write in a research note. The group agreed to sell the division to H.I.G. Capital for around $464 million. The move is a long-awaited sale of a non-core asset, they say. Over recent years, the U.K. pest-control, hygiene and work-wear services provider has been reshaping its portfolio towards higher-growth markets, the analysts say. In 2015, Pest Control accounted for just 44% of group revenue; today it represents more than 80%, they add. Shares are up 0.7%. (andrea.figueras@wsj.com)

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May 28, 2025 05:13 ET (09:13 GMT)

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(andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2025 05:13 ET (09:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0205193047.USD","symbol_name":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538425020","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538425020","pubTimestamp":1748423580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0913 GMT - Rentokil Initial's sale of its workwear division in France positions the company as a more streamlined business, JPMorgan analysts write in a research note. 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