Capita agrees to sell Trustmarque
Capita plc (‘Capita’) today announces that it has agreed to sell Trustmarque (‘Trustmarque’) to One Equity Partners for £111m on a cash free, debt free basis. Taking into account cash-like and debt-like items, Capita expects to receive net proceeds of c.£115m at completion. An additional c.£3m is receivable by Capita contingent on certain future events.