Rentokil Initial to Sell France Workwear Business to H.I.G. Capital

The latest announcement is out from Rentokil Initial ( (GB:RTO) ).

Rentokil Initial plc has announced the intended sale of its France Workwear business to H.I.G. Capital for approximately €410 million, with completion expected in Q4 2025. This move allows Rentokil Initial to streamline its operations, focusing more on its core pest control and hygiene & wellbeing sectors, enhancing capital efficiency, and improving cash flow. The transaction aligns with the company’s strategy to concentrate on high-growth markets and reduce capital expenditure, while the proceeds will be used for corporate purposes including deleveraging and investment in growth opportunities.

The most recent analyst rating on (GB:RTO) stock is a Buy with a £6.40 price target. To see the full list of analyst forecasts on Rentokil Initial stock, see the GB:RTO Stock Forecast page.

Spark’s Take on GB:RTO Stock

According to Spark, TipRanks’ AI Analyst, GB:RTO is a Neutral.

Rentokil Initial is positively driven by strong financial performance and strategic growth plans, particularly in international markets. However, challenges in North America and high valuation metrics temper the overall stock score.

To see Spark’s full report on GB:RTO stock, click here.

More about Rentokil Initial

Rentokil Initial plc operates in the pest control and hygiene & wellbeing sectors, focusing on providing services that enhance health and safety in various environments. The company is a market leader in these areas and has been strategically shifting its portfolio towards higher growth markets with lower capital expenditure requirements.

Average Trading Volume: 7,722,000

Technical Sentiment Signal: Sell

Current Market Cap: £8.88B

See more data about RTO stock on TipRanks’ Stock Analysis page.