Source - Alliance News

Capita PLC - London-based outsourcing services - Completes the sale of its IT services and solutions business Trustmarque to New York-based private equity firm One Equity Partners. Says it received net proceeds of £118 million at the completion, which included an additional £3 million of contingent consideration.

The acquisition was announced in January and helped Capita meet its goal of £700 million in total disposal proceeds ahead of the June target.

Current stock price: 21.88 pence, up 4.6% on Friday in London

12-month change: down 51%

Copyright 2022 Alliance News Limited. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.