Sale Completion and Financial Terms
Hays Plc announced that on 16 June 2026 it completed the sale of its operations in six European countries to private‑equity firm Meraki Capital. The transaction covered businesses in the Czech Republic, Denmark and Hungary (the remaining three countries were not named) and will generate approximately £4 million of net cash proceeds after adjustments for working capital and other items. The company expects a modest non‑cash loss on the disposal.
Operating Performance of Sold Markets
Across the 13 markets that now include the six sold countries, Hays reported an exceptional operating profit against £85 million in net fees for the twelve‑month period ending 30 June 2026.
Portfolio Reshaping and Future Focus
Hays indicated that it is reviewing its presence in seven additional markets, specifically naming Belgium, the Netherlands, Singapore and the United Arab Emirates. This review is part of a broader strategy to reshape its country portfolio, with the company planning to concentrate on a core of 16 countries moving forward.
Executive Commentary
Chief Executive Mark Dearnley stated that the Board believes Meraki Capital will be an “excellent long‑term owner” and that the divestment aligns with Hays’ strategic priority to sharpen focus and build scale in high‑performing, high‑potential markets. He added that both businesses and employees will continue operating with continuity, supporting customers locally, and that Hays and Meraki intend to maintain a collaborative relationship across the affected countries.
Market Reaction
Following the announcement, Hays’ shares on the London Stock Exchange rose by approximately 1.09%.