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en/g4s-sells-controversial-israeli-security-arm-accused-of-complicity-in-human-rights-abuses-of-palestinian-prisoners#c148205

Agreement reached on sale of G4S Secure Solutions (Israel) Ltd (“G4S Israel”)

Author: G4S, press release, Published on: 2 December 2016

2 Dec 2016

G4S…announces that it has reached agreement on the sale of G4S Israel to FIMI Opportunity Funds (FIMI) for an estimated net consideration of NIS425m (equivalent to £88m(1))…FIMI is a premier Israeli private equity fund.G4S will retain a presence in Israel through ownership and continued investment in the flagship national police training centre Policity in partnership with FIMI and Shikun & Binui, a major Israeli infrastructure and real estate group…The sale is subject to government and customary regulatory approvals…G4S Israel provides manned security and security systems across Israel…Ashley Almanza, G4S Group Chief Executive Officer said: “The sale of our business in Israel is part of our active portfolio management programme…G4S Israel is a well-managed business that will grow and prosper as part of the FIMI group…”

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Related companies: G4S Shikun & Binui