Rentokil Initial sells City Link


 

Rentokil Initial has sold City Link to turnaround investment firm Better Capital. City Link MD Dave Smith will continue to lead the company through its transformation programme, under the deal, which will see Better Capital invest in the parcel carrier. The change of ownership, which is effective as of today (29 April), will secure £40m in future funding for City Link. MD Dave Smith said: “This is great news for our customers and our colleagues. We will all benefit from […]