logo
  

Capita Group To Sell ParkingEye - Quick Facts

Capita Group plc (CPI.L) announced an agreement to sell its parking management business, ParkingEye, to a vehicle owned by Macquarie and funds advised by MML Capital Partners for a cash consideration of 235 million pounds. The cash proceeds will be used to reduce net indebtedness.

Jon Lewis, CEO, Capita, said "This transaction marks a further step in executing the strategy announced in April aimed at simplifying and strengthening the business to deliver future success. Together with the four disposals already completed this year, we now expect to raise more than 400 million pounds from non-core disposals in 2018, well ahead of our target of 300 million pounds."

Separately, Capita plc announced it has been selected by the Department for Education's Standards and Testing Agency to manage the administration, processing and support for all primary school national curriculum assessment tests in England. The six-year contract, covering the 2020 to 2024 test cycles, is worth approximately 109 million pounds.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Plumrose USA's ready-to-eat or RTE ham product citing that it may not be fully cooked due to underprocessing. The product subject to the public health alert is 1-lb resealable plastic packages containing "Great Value Black Forest Ham Water Added" with a "BEST IF USED BY 07/15/22". America New York Ri Wang Food Group Co., Ltd. is recalling around 14,635 pounds of ready-to-eat or RTE pork sausage products due to possible contamination with extraneous materials, specifically metal, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The TJX Companies, Inc. (TJX) said its first-quarter pretax profit margin and earnings per share, each on an adjusted basis, exceeded its plans even though sales were slightly below planned range. Adjusted pretax margin was 9.4%, excluding a 1.9 percentage point charge related to a write-down of the...
RELATED NEWS
Follow RTT