Cisco plans $4 bln worth of expansion in Mexico-government
MEXICO CITY, Sept 27 Cisco Systems Inc plans more than $4 billion worth of expansion in Mexico between 2016 and 2018, the Mexican government said on Tuesday.
New York-based private equity firm Clayton Dubilier & Rice is considering buying and merging the office maintenance units of Balfour Beatty's (BALF.L) and Rentokil Initial's (RTO.L), the Financial Times reported on Monday.
Rentokil and CD&R are already holding talks on the plan, the financial daily reported, citing four people familiar with the matter.
The people told the FT that Rentokil's unit could be worth as much as 400 million pounds ($611.88 million) while Balfour Beatty's WorkPlace facilities management business could go for about 200 million pounds.
Facilities management company Rentokil said in March that it would consider selling its low-margin UK-focused facilities management arm if someone made an offer, allowing it to build up its international businesses.
That same month, Balfour Beatty - which recently warned that its 2013 profit would be significantly below its expectations - said it had not concluded the review of the WorkPlace business, which maintains parts of London's Olympic Park.
But the company did say that someone else may be better placed to invest in the business.
CD&R was not immediately available for comment. Balfour Beatty and Rentokil Initial declined to comment.
($1 = 0.6537 British pounds)
(Reporting by Richa Naidu in Bangalore; Editing by Bob Burgdorfer)
* Pacific Northwest LNG says pleased with Canadian government approval of plant, will conduct a total project review over coming months prior to announcing next steps Story: Further company coverage: (Reporting by Jeffrey Hodgson)
Sept 28 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.