Will Deutsche Post Up Its Stake In Securicor?
Gallaher and BT were not the only stocks to be heavily traded in London yesterday. There was also above average dealing in Securicor, the FTSE 250 security group.
More than 7m shares changed hands amid talk that the company is close to selling its distribution division to Deutsche Post at a price in excess of £100m. Deutsche Post already owns 50% of the division and, according to market gossip, wants control so it can integrate the joint venture into its extensive distribution network.
With Securicor now free from a tax hurdle that has prevented the sale of its stake, analysts believe the rumours could have some substance.
