(News Bulletin 247) – Teleperformance announced on Wednesday that it wanted to buy the Luxembourg group Majorel, a specialist in customer experience management, for three billion euros, an operation which did not eclipse the downward revision of the annual objectives of the French group.
The business services giant indicates that it plans to file a voluntary takeover bid in cash and securities for all of the
Majorel shares at a unit price of 30 euros.
Majorel shareholders will have the option of receiving Teleperformance shares at an exchange ratio of 0.1382 Teleperformance shares for each share held, up to a limit of one billion euros of Teleperformance shares.
The majority shareholders of Majorel, namely the German Bertelsmann and the Moroccan Saham, which represent approximately 79% of the capital, have each irrevocably committed to contributing their Majorel shares by choosing to receive Teleperformance shares as a priority.
The combination is expected to create a group with around $12 billion in digital solutions business services revenue, with a strong presence in all major global economies.
This acquisition comes at a time when Majorel’s turnover has almost doubled in four years.
At 9:35 a.m., the Teleperformance share still posted the largest drop in the SBF 120 with losses of more than 15% in particularly strong volumes.
On the occasion of the publication, last night, of first quarter figures below expectations, the group has in fact revised downwards its forecast for growth in turnover on a like-for-like basis excluding Covid contracts, now expected between 8% and 10% this year, against +10% previously.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
