Rentokil Said to Weigh €500 Million Sale of French Workwear Unit
- Goldman Sachs is working with firm on the potential divestment
- The French workwear unit accounts for 4% of Rentokil’s sales
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Rentokil Initial Plc is exploring a sale of its French workwear business as the pest control company seeks to streamline its operations, according to people with knowledge of the matter.
The London-listed firm is working with Goldman Sachs Group Inc. to study a possible divestment of the unit, which provides uniforms and personal protective equipment to French clients, the people said, asking not to be identified because the information is private. The unit could be valued at about €500 million ($529 million) in a sale, the people said.