ISS, a global leading facility services provider, has entered into an agreement to divest its activities in four Eastern European markets to B+N Referencia Zrt.

The divestments are in line with ISS's strategy to simplify and focus its business towards key account customers.

The divestment includes ISS's main subsidiaries in the Czech Republic, Slovakia, Romania, and Hungary. The buyer is the large Hungarian facility management company B+N Referencia Zrt. ISS will continue to support and remain as a partner for our global key account customers present in the affected markets.

Transfer of the ownership will take effect immediately upon signing of the agreement, except for the sale of ISS Hungary which is subject to customary antitrust approval and expected to close within the second quarter of 2021. The approximately 4000 employees currently working in the four country operations in scope will maintain their contractual rights in connection with the sale.

The four subsidiaries represent an annual turnover of just above DKK 500 mill.

For investor enquiries
 Michael Bjergby, Head of Group Investor Relations, +45 31 37 41 71
Louisa Baruch Larsson, Senior Investor Relations Manager, +45 38 17 63 38

For media enquiries
 Kenni Leth, Head of Global PR & Media Relations, +45 51 71 43 68

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ISS A/S published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 11:05:03 UTC.