After the confirmation of the due diligence and the validation of the synergies expected at the end of this merger, the shareholders of Sitel Group and Majorel finally did not reach an agreement on the final structure of the transaction in connection with the difficult macroeconomic context. current, announces a press release.
Sitel Group, one of the world leaders in customer experience, announces that it has put an end to discussions with Majorel Group Luxembourg SA concerning the proposed merger of two companies.
“After the confirmation of the due diligence and the validation of the synergies expected at the end of this merger, the shareholders of the two companies ultimately did not reach an agreement on the final structure of the transaction in connection with the current difficult macroeconomic context. “, specifies a press release from the group.
As a reminder, the Saham Group had announced, last June, a project to merge Majorel and Sitel which was to give birth to one of the world leaders in the customer experience industry with a combined turnover of 5.4 billion euros (56.7 billion dirhams), more than 240,000 employees spread over 300 sites in 55 countries, covering almost all regions of the world.
The terms of the transaction would be that Majorel shareholders would own 43.9% of the combined entity, and Sitel shareholders would own 56.1%.
The shareholders of the merged entity would be: Famille Mulliez with 44.9%, Saham with 17.3%, Bertelsmann with 17.3%, Management de Sitel with 11.2%, Management de Majorel with 0.4% and Floating with 8.8%.