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Security contracting firm G4S could be set to sell off its network of cash machines and armoured vans.

The firm said its board had approved plans to separate that part of its business from its main security operations, which makes up more than 80% of its business.

Nevertheless, the cash machine and money transport unit employees 30,000 staff.

G4S said it would evaluate offers for its cash arm as it continues to separate the unit from from its main security business, which it expects to have completed by the middle of next year at a cost of £50m.

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