UK’s Intertek Mulls Breakup to Lift Product Testing Firm’s Value

Intertek Group Plc shares surged after the product testing firm said it’s exploring a breakup aimed at boosting its value.

A strategic review will examine whether to split Intertek’s testing and assurance businesses from its energy and infrastructure divisions, the British company said Tuesday. The energy and infrastructure arms, whose services include helping oil and gas firms inspect their machines, may be sold or demerged as a standalone business.