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Pin to quick picksCapita Share News (CPI)

Share Price Information for Capita (CPI)

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Share Price: 14.96
Bid: 14.82
Ask: 14.98
Change: 0.10 (0.67%)
Spread: 0.16 (1.08%)
Open: 14.50
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Low: 14.50
Prev. Close: 14.86
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Capita to unveil restructuring and 400 mln stg disposal plan - Sky News

Tue, 16th Mar 2021 19:40

March 16 (Reuters) - Capita PLC on Wednesday will
unveil a fresh restructuring of the embattled outsourcer
alongside a plan to raise 400 million pounds ($556.04 million)
from a string of disposals, Sky News reported https://bit.ly/38KIV7i
on Tuesday.

Alongside its annual results, the company will announce that
it will slash the number of operating divisions to just three,
the report added.

Capita, which provides IT-led business services to the
public and private sector, will be reorganised under two core
divisions called government services and customer management,
with a third division to be responsible for managing the
company's non-core businesses, Sky said.

The company has been trying to sell its non-core assets for
the past year to shore up its finances.

Capita did not immediately respond to a request for comment.
($1 = 0.7194 pounds)
(Reporting by Radhika Anilkumar in Bengaluru;
Editing by Marguerita Choy)

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