Update regarding Serco's Environmental Services and Leisure Businesses
15 December 2015
Serco Group plc ('Serco' or 'the Group'), today provides an update regarding our Environmental Services and Leisure businesses. The recent agreement to dispose of the offshore private sector BPO operations has prompted us to review the previously stated intention to also dispose of our Environmental Services and Leisure businesses. Our conclusion is that, for both strategic and financial reasons, the interests of the Group will be best served by retaining these businesses within the portfolio. In common with the rest of the Group, they provide frontline services to public sector customers. In particular, they serve Local Authorities in the UK, to whom we provide a number of other services and we feel that there is real merit in retaining a broad offering to these important customers. Furthermore, the Environmental Services and Leisure businesses have continued to perform well both financially and operationally, and have a strong pipeline of opportunities.
Ends
For further information please contact Serco:
Stuart Ford, Head of Investor Relations T +44 (0) 1256 386 227
Marcus De Ville, Head of Media Relations T +44 (0) 1256 386 226
About Serco
Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East.
More information can be found at www.serco.com
Forward looking statements
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