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Share Price Information for Capita (CPI)

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Share Price: 13.96
Bid: 13.96
Ask: 14.08
Change: -0.42 (-2.92%)
Spread: 0.12 (0.86%)
Open: 14.24
High: 14.24
Low: 13.64
Prev. Close: 14.38
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Capita sells software business for £33m

Thu, 08th Jun 2023 07:49

(Sharecast News) - UK government contractor Capita said it has agreed to sell its five software businesses for an enterprise value of £33m, as the outsourcer tries to strengthen its balance sheet.

The company on Thursday said it hoped to receive cash proceeds of £44m on completion of the deal, including around £9m of cash within the sold businesses. It now plans to and focus on its two core public service and experience divisions.

Capita has already announced a deal to sell its critical messaging services business PageOne and offloaded its resourcing and security watchdog businesses in May.

The deal comes as the group forecast a £15m hit from a cyber attack which saw personal information leaked onto the dark web in March.

Reporting by Frank Prenesti for Sharecast.com

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IN BRIEF: Capita sells two businesses to WSP Global for GBP60 million

Capita PLC - London-based outsourcing services - Agrees to sell its real estate and infrastructure consultancy businesses to Montreal, Canada-based WSP Global Inc for GBP60 million on a cash-free, debt-free basis. The businesses are Capita Real Estate and Infrastructure and GL Hearn. Expects proceeds of roughly GBP69 million at completion, when taking cash-like and debt-like items into account.

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Capita agrees to sell two real estate and infrastructure consultancy businesses

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