Capita's software business, Capita One, sold to MRI Software for £200m, boosting shares by 21%.
Capita's shares surged 21% after announcing the sale of its software business, Capita One, to MRI Software for £200m. The deal is part of Capita's strategy to focus on core operations and reduce debt, with expected gross cash proceeds of around £207m upon completion. Capita One provides software solutions for public sector clients and is expected to bolster MRI Software's position in the market.
July 09, 2024
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