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Capita Share Price Surges 15.5% on Takeover Rumours

Capita Plc logo
Simon Mugo

Shares of Capita Plc (LON: CPI) today surged 15.5% on rumours that CVC Capital Partners, a London-based private equity firm, was about to make a takeover offer for the company.

However, a source at CVC Capital has clarified that the buyout firm is only interested in buying specific business units that Capita is selling, and not the entire company, according to a report published by Reuters.

Capita has reached out to CVC Capital and other private equity funds as it looks to dispose of its Education Software Solutions (ESS) division, which has been on offer since June.

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Capita is a British international business process outsourcing company with global operations.

Capita share price

Tradingview chart of Capita share price 03092020

Capita shares today rallied 15.5% to trade at 33.83p having ended Wednesday’s session trading at 29.30p.

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.