Business
Completion of disposal of Capita Asset Services
Completion of disposal of Capita Asset Services.
About this update from Capita Plc
[{"type":"text","content":"\n \nCOMPLETION OF DISPOSAL OF CAPITA ASSET SERVICES BUSINESSES\n\nCapita plc (‘Capita’) announced on 23 June 2017 the sale of the Capita Asset Services businesses (‘CAS’) to Link Administration Holdings Limited (‘Link Group’), subject to certain regulatory and other approvals.\n\nCapita confirms the completion today of the sale of CAS for a cash free, debt free consideration of £888 million.\n\nNick Greatorex, Interim CEO and Group Finance Director said:\n\n“We are pleased to have completed the disposal of our Capita Asset Services businesses. This means that we have successfully achieved the objective we set at the end of 2016 of disposing of these businesses and reducing our debt so that we are better positioned to support and invest in the future success of Capita.â€\n\n- ENDS –\n\nFor further information:\n\nCapita plcShona Nichols, Executive Director, Corporate CommunicationsAndrew Ripper, Head of Investor RelationsTel: 020 7799 [email protected]\n\nCapita is a leading UK provider of technology enabled customer and business process services and integrated professional support services. With 67,000 people at over 450 sites across the UK, Europe, India and South Africa, Capita uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L). Further information on Capita can be found at: http://www.capita.com. LEI no. CMIGEWPLHL4M7ZV0IZ88.\n\n ","length":1741,"tagName":"div"}]