G4S pulls plug on Trojan Security purchase

published 3 February 2012

G4S, the security firm, has once again pulled out of an attempt to buy out another company, though this one is on a much smaller scale than its aborted bid for ISS last year.

This time G4S has taken a step back from buying Trojan Security Services, the third largest security services provider in Botswana. The group announced the proposed £1.3m acquisition at the end of 2011, when it looked like a done deal; that, apparently is not the case, although G4S said that negotiations are still continuing.

In November the firm turned its back on Danish cleaning company ISS for £5.2bn after shareholders blocked the deal.