Capita exploring potential sale of Axelos JV
FTSE 250 outsourcer Capita said on Tuesday that it and the Cabinet Office are "exploring strategic options" with regards to their joint venture, Axelos, including a potential sale of the business.
Capita
13.20p
16:40 25/04/24
FTSE 250
19,601.98
17:09 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Support Services
10,523.75
17:09 25/04/24
"There can be no certainty that this review will result in a transaction involving Axelos," Capita said, adding that any further announcements will be made if and when appropriate.
Created in 2013, Axelos is responsible for developing, enhancing and promoting a number of best practice methodologies used by professionals working primarily in project, programme and portfolio management, IT service management and cyber resilience.
Axelos generated revenue of £47.6m in 2019.
At 1510 GMT, Capita shares were down 0.5% at 40.37p.