BRIEF-Capita recommended as preferred bidder for Staffordshire County Council joint venture

LONDON Tue Nov 27, 2012 8:44am EST

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LONDON Nov 27 (Reuters) - Capita PLC : * Capita preferred bidder for staffordshire joint venture * Services are expected to generate revenues of approximately £85M per annum

over 20 years * Jv will initially deliver educational support services for schools and

academies in the staffordshire region * Capita will acquire its stake in the joint venture with an initial investment of £24.9m in the first year and a further £6.6m over the following 3 years.

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