18th Mar 2025 12:20
(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
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