CPI Response to Press Reports12 Mar 2019 20:39
This is an interesting development. I wondered why the sp shot up at the beginning of the month and today. Coming less than 2 days before CPI is due to announce its final results, it throws an unexpected element into the mix. That said, it sounds positive and is wholly consistent with CPI's plan to simplify the business, while paying down debt.
"London, March 12
Capita plc (Capita) confirms that, following media speculation, several weeks ago Capita received an unsolicited offer for its travel businesses from Corporate Travel Management Limited (CTM).
Given the stage of discussions, which are ongoing, there is no certainty that the disposal will complete or of the transaction consideration.
Further announcements will be made if appropriate."