UK's Capita surges about 23% on sale of software business

FILE PHOTO: Capita's logo is pictured on a smartphone in front of an electronic display showing stock graph in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Shares in Capita jumped nearly 23% in early trading on Tuesday after the British outsourcing firm agreed to sell its standalone software business Capita One to a unit of MRI Software in a deal worth 200 million pounds ($256 million).

Capita said it expects to get a cash dividend of 4.8 million pounds from Capita One before the sale, which comes after the company evaluated its non-core assets since last month.