UK competition watchdog OK's Capita One disposal worth GBP200 million

(Alliance News) - The UK Competition & Markets Authority on Tuesday said it will not refer the ...

Alliance News 18 March, 2025 | 12:20PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - The UK Competition & Markets Authority on Tuesday said it will not refer the disposal of Capita PLC's software business to a subsidiary of MRI Software LLC to a phase 2 investigation.

Capita, a London-based outsourcing and professional services company, back in July said the deal valued the standalone software business, Capita One Ltd, at GBP200 million on a cash-free and debt-free basis.

Capita back then said it believed that the deal "will realise material value for Capita's shareholders and the net cash proceeds will provide the group with additional cash resources to strengthen its financial position and further reduce indebtedness".

Capita shares rose 3.7% to 14.42 pence each on Tuesday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Capita PLC 13.90 GBX 0.14 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures