Call centre operator Majorel breaks off talks over takeover by Sitel Group
19/09/2022 22:08
AMSTERDAM, Sept 19 (Reuters) - Call center operator Majorel
MAJ.AS on Monday said it had halted talks over its takeover by
privately-held IT services company Sitel Group.
"Alignment could not be reached on the final structure of
the transaction against the background of the current macro
environment," Majorel said.
Sitel in June said it had reached a preliminary agreement to
buy Majorel in a cash and shares deal that would include a 440
million euro ($440.9 million) cash payout to Majorel
shareholders. urn:newsml:reuters.com:*:nL1N2Y70D6
Both companies operate call centres and are based in
Luxembourg. Majorel is listed on Euronext Amsterdam.
The new company would have been 44.9% owned by Sitel's
majority shareholder the Mulliez family, with two 17.3% stakes
held by Majorel shareholders Bertelsmann Luxembourg S.a.r.l and
Saham respectively.
The companies in June said their revenues together would add
up to around 5.4 billion euros.
($1 = 0.9979 euro)
(Reporting by Bart Meijer' editing by Jonathan Oatis)
((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters
Messaging: bart.meijer@thomsonreuters.com))