G4S Plc Completes Sale Of G4S Youth Services - Quick Facts

(RTTNews) - G4S plc (GFSZY.PK, GFS.L) announced it has completed the sale of G4S Youth Services in the USA to BHSB Holdings, Inc. for $56.5 million. The Group said the proceeds from the sale will be used for corporate purposes. G4S Youth Services is a provider of residential-based juvenile services throughout Florida and in the states of Texas and Tennessee.

Ashley Almanza, G4S Group CEO said: "The sale of our US Youth Services business is part of our portfolio management programme initiated in 2013 to improve our strategic, commercial and operational focus."