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Pest control specialist offloads non-core assets
Thursday 22 Dec 2016 Author: William Cain

Shares in Rentokil (RTO) enjoyed a boost after it punted non-core assets into a joint venture with family business Haniel in exchange for €520m (£437m) in cash and an 18% stake in the new business. Rentokil’s plan to refocus on its world-leading pest control and hygiene business while offloading lower quality business units has seen its stock price double in two years. (WC)

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