Completion of the sale of real estate and infrastructure consultancy businesses
Capita plc (‘Capita’) today announces that it has completed the sale of its two real estate and infrastructure consultancy businesses to WSP on the terms announced on 2 August 2022.
Taking into account cash-like and debt-like items, Capita received proceeds of £69m at completion.
The sale comprises two businesses: Capita Real Estate and Infrastructure, and GL Hearn.
The completion of the transaction follows receipt of the necessary consents. The proceeds, net of transaction costs, will be used to strengthen the balance sheet and reduce debt.
For more information please contact:
Capita investor enquiries
Director of Investor Relations
Tel: 07989 665484
Capita media enquiries
Capita external communications
Tel: 0207 654 2399