Philip Jansen, the former chief of BT Group, has been eying a bid to take over Rentokil Initial, according to reports.
The Sunday Times reported that Mr Jansen has begun talks with private equity houses to evaluate options for the Crawley-based pest control company.
Rentokil bought Terminix for £4.11bn in October 2022, which expanded its market share on the continent to 30%.
Speculation regarding Rentokil’s future began last month when it emerged Nelson Peltz’s firm had acquired a stake in the company. The billionaire is a notorious activist investor and has waged several aggressive campaigns against UK firms in the past.