Group 4 Falck in advanced talks to acquire 50% of Hashmira group

The Danish firm Group 4 Falck, considered to be the second biggest security company in the world, is in advanced talks to acquire a 50% interest in security group Hashmira, Ma'ariv reports.

It is estimated that the deal will be based on NIS 70 million to NIS 80 million company valuation.

Hashmira's main holding is 90% in the Tel-Aviv traded Hashmira Security Technologies, whose market cap is NIS 46 million.

The Danish firm, which trades in Copenhagen, has 140,000 workers in 50 countries. Revenue in 2001 came to $2.2 billion, and it has $2.5 billion market cap.

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