Flags fly outside HMP Birmingham after the British government took over its running from G4S, in Birmingham, Britain August 20, 2018. Allied Universal won a months-long takeover battle for Britain's G4S, the world's largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld. Read MoreGardaWorld said ahead of the result that it would bid no higher in the auction, which represented a relatively rare conclusion to a British takeover battle. Analysts have said Allied should have more cost synergies given its greater overlap with G4S in the United States. The British firm said: "G4S is committed to the highest ESG practices and refutes any suggestion to the contrary."

Source: Standard Digital February 23, 2021 10:07 UTC