New G4S boss to confront investors who want the £6bn group split up after shares rally from summer low

Ashley Almanza, the new boss of accident prone security group G4S, will tomorrow come under pressure from investors who will ask him to explain why the £6bn group should not bow to activist shareholders and split itself up.
G4S recently rejected a £1.55bn offer for its cash solutions business from UK private equity group Charterhouse Capital Partners.

Under pressure: G4S recently rejected a £1.55bn offer for its cash solutions business from UK private equity group Charterhouse Capital Partners

Almanza, who will meet with investors at tomorrow’s crucial Capital Markets presentation, has already impressed sector analysts when he addressed them for the first time in September.

Investec’s Gideon Adler said: ‘On the issues of balance sheet gearing and a prospective operational clean-up, he hit the target, but the final goal of convincing on the forward growth trajectory requires further clarity.’
Shares have rallied from a July low of 207p and closed at 254.8p on Friday.