Rentokil examines sale of IFS for £400m Rentokil - the pest control, courier and hygiene services business - has asked corporate financiers from Barclays to work on a sale of its Initial Facilities Services (IFS) unit, said sources familiar with the matter. Bankers said it is possible that those parties bidding for Balfour Beatty's office maintenance business, which is called WorkPlace, might look to merge it with Rentokil's IFS unit to create a facilities maintenance giant. There was a suggestion that Rentokil had been examining Balfour Beatty's WorkPlace unit but people close to the situation said the FTSE 250-listed company is not making a bid. Speculation is also mounting that Rentokil may also look to off-load its beleaguered parcel delivery City Link business, which has suffered heavy losses in the last few years. Earlier this month Rentokil said in its final results that City Link reported a £26.4m operating loss in 2012. Analysts expect City Link, which accounts for 15pc of Rentokil's revenues, to be sold but chief executive Alan Brown denied there was any imminent deal in the pipeline. . Although City Link continues to weigh on Rentokil's profitability, the company's final group results were better than expected. Pre-tax profits rose 10.1pc to £191m beating forecasts of about £181m. Rentokil declined to comment.