Capita plc (GB:CPI) has released an update.
Capita plc has successfully completed the divestiture of its non-core software division, Capita One Limited, to MRI Software, securing £180m in net cash proceeds. This strategic move is anticipated to bolster Capita’s financial position, enabling further transformation and reducing net financial debt significantly by the end of 2024. The sale is a part of Capita’s ongoing strategy to concentrate on its core operations and manage its portfolio for optimal value.
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