Securitas terminate agreement regarding take over of Pengar i Sverige AB
In February 2004, Securitas Värde AB signed an agreement to take over the majority of the commercial part of Swedish National Bank cash services, Pengar i Sverige AB. The take over was conditional for the Swedish Competition Authority's approval. The Swedish Competition Authority has reviewed the case for three months and has now demanded an extended trial period for up to three months. The prolonged trial period implies further uncertainty for the employees concerned and entails increased risks in the production. Consequently Securitas has decided, in accordance with the agreed terms and conditions, to terminate the agreement regarding the take over of Pengar i Sverige AB.
Further information can be obtained from:
Thomas Berglund, President and CEO +44 (0) 20 8432 6500
Håkan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
+44 (0) 7884 117 192
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Securitas is a World leader in security providing security solutions comprising guarding services, alarm systems and cash handling services. Securitas has more than 200 000 employees in more than 20 countries in Europe and USA.