2 August 2022 - disposal

The consulting and outsourcing group Capita has announced another disposal as it seeks to exit from its non-core businesses.  The group has agreed to sell two real estate and infrastructure consultancy businesses to WSP for £60m on a cash free, debt free basis.  Taking cash and debt into account Capita expects to receive total proceeds of around £69m on completion.  This will take the total raised by the disposal programme to over £800m, well above the original target of £700m.  The disposal is another positive step in the group's recovery plan and we continue . . .

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