Capita plc - Completion of the sale of AXELOS Limited
PR Newswire
Completion of the sale of AXELOS Limited ( AXELOS )
Capita plc ( Capita ) is pleased to announce that Capita and Cabinet Office yesterday completed the sale of AXELOS to PeopleCert International Limited, on the terms as announced on 21 June 2021.
In July, Capita has received the proceeds from the AXELOS disposal and the contingent proceeds due once ESS and ParentPay s merger was approved by the CMA. The inflow of £228m provides additional liquidity to strengthen Capita s balance sheet, meet debt maturities as they fall due over the next 18 months and support the ongoing implementation of its transformation plan.
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