Security contractor G4S is to demerge its cash handling business and focus on its main security operations.
The outsourcing firm's board has approved plans to turn the cash handling arm into a separate company by the first half of 2020, following a review into the business.
The announcement came as the group reported a 3.8% jump in revenues to £3.8 billion for the half-year to June 30.
Ashley Almanza, G4S chief executive, said: "In the first half of this year, our improving sales performance in both secure solutions and cash solutions saw the group deliver underlying revenue growth of 4.7%.
"The group's half-year performance, sales pipeline, revenue momentum and productivity programmes support a positive outlook.
"Our separation review is now complete and the board has approved the separation of cash solutions from the group.
"We believe that this will create two strong, focused businesses each with the clear potential to capitalise on market leading positions and to unlock substantial value for customers, shareholders and employees."
