Hays (HAS): Country portfolio reshaping

This situation live

£938m · 59.7p · +67% since the first step

Disposal of a part (break-up)

Country portfolio reshaping

Six-country sale completed; seven under review

Price£4.0m · 0.4% of market value

Next: Outcome of options for seven remaining countries

Every step · 1

17 Jun 2026 Six-country sale completed; seven under review – In addition, and consistent with its strategy, Hays is exploring options relating to Belgium, Brazil, Greater China, Malaysia, The Netherlands, Singapore, and UAE. ↗

What is happening

Hays: Country portfolio reshaping – Six-country sale completed; seven under review. ['Six-country sale completed; seven under review']

In short: Hays has been reshaping its country portfolio over the last year, including exiting four other countries earlier. On 16 June 2026 it completed the sale of six European countries to Meraki Capital for c.£4m net cash, with a modest non-cash loss in H2 FY26. It is exploring options for seven more countries and will focus on 16 core countries.
Announced: 17 Jun 2026 · Six-country sale completed; seven under review
Buyer: Meraki Capital, a private equity investor in European recruitment
Business sold: Operations in Czech Republic, Denmark, Hungary, Luxembourg, Romania and Sweden; completed 16 June 2026
Proceeds: c.£4 million net cash after transaction costs, working capital and other items
Accounting effect: Modest non-cash loss on sale, recognised in second half of FY26
Under review: Belgium, Brazil, Greater China, Malaysia, The Netherlands, Singapore, UAE
Remaining footprint: 16 core countries after the reshaping

Outcome of options for seven remaining countries.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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