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Bertelsmann sells Majorel stake to Teleperformance

Reuters
The Bertelsmann Building is seen from the street in Times Square in New York City

(Reuters) - Bertelsmann on Wednesday completed the sale of its 39.5% stake in staff outsourcing company Majorel to another personnel firm Teleperformance, the German media, services, and education conglomerate said.

The deal, first announced in April, valued the entire company at 3 billion euros ($3.21 billion).

According to the agreement, Bertelsmann will get around a 4% stake in Teleperformance.

($1 = 0.9353 euros)

(Reporting by Andrey Sychev; editing by Matthias Williams)