G4S ‘is facing a call to break up’
Monday 30 September 2013
The activist investor fund chaired by Lord Myners, the former minister for UK financial services, is reported to be pushing G4S to break itself up.
Cevian Capital, Europe’s largest activist hedge fund, has reportedly been pressing the FTSE 100 security group to look at options to sell off parts of its business.
Chief Ashley Almanza will unveil plans to turn around G4S in November. But Cevian, which has built up a 5.1 per cent stake, is hoping for more radical steps.
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