Interserve to buy Rentokil facilities service unit for 250 mln stg

Fri Feb 28, 2014 2:31am EST

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Feb 28 (Reuters) - Interserve Plc, a support services and construction company, said it had agreed to buy a facilities service business from a unit of Rentokil Initial Plc for 250 million pounds ($416.78 million), seeking to strengthen its foothold in the British support services market.

The FTSE-250 component also posted an 8 percent rise in full-year profit as an early recovery in the British homebuilding sector offset weak international construction activity from the first half of 2013.

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