Capita to unveil restructuring and 400 million pounds disposal plan – Sky News By Reuters

(Reuters) – Capita PLC on Wednesday will unveil a fresh restructuring of the embattled outsourcer alongside a plan to raise 400 million pounds ($556.04 million) from a string of disposals, Sky News reported https:// on Tuesday.

Alongside its annual results, the company will announce that it will slash the number of operating divisions to just three, the report added.

Capita, which provides IT-led business services to the public and private sector, will be reorganised under two core divisions called government services and customer management, with a third division to be responsible for managing the company’s non-core businesses, Sky said.

The company has been trying to sell its non-core assets for the past year to shore up its finances.

Capita did not immediately respond to a request for comment.