Eastgate confirms sale to Capita
The Capita Group has acquired the remaining 74% issued share capital of Eastgate Group, as predicted ...
The Capita Group has acquired the remaining 74% issued share capital of Eastgate Group, as predicted in the November edition of Professional Broking.Capita will pay approximately £9.1m for the insurance outsourcing business, to be satisfied by the issue of 1 508 768 new ordinary shares in Capita and £1.1m in cash. A further payment of 862 053 shares in Capita and £0.75m in cash will be made on 30 September 2001, provided performance targets are achieved. In addition, Capita will assume
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