Capita plc (GB:CPI) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Capita plc has successfully completed the divestiture of its non-core software division, Capita One Limited, to MRI Software, securing £180m in net cash proceeds. This strategic move is anticipated to bolster Capita’s financial position, enabling further transformation and reducing net financial debt significantly by the end of 2024. The sale is a part of Capita’s ongoing strategy to concentrate on its core operations and manage its portfolio for optimal value.
For further insights into GB:CPI stock, check out TipRanks’ Stock Analysis page.
