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Majorel Group Luxembourg S.A. : Majorel and Sitel Group® discontinue discussions on potential merger

·4-min read

Majorel Group Luxembourg S.A. / Key word(s): Merger/Merger
Majorel Group Luxembourg S.A. : Majorel and Sitel Group® discontinue discussions on potential merger

19-Sep-2022 / 19:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

 Majorel and Sitel Group® discontinue discussions on potential merger

Luxembourg, 19 September, 2022: Majorel Group Luxembourg S.A. (“Majorel”), a leading global provider of next generation end-to-end customer experience (“CX”) solutions for digital-native and vertical leading brands, listed on Euronext Amsterdam (Bloomberg Code: MAJ:NA / Reuters Code: MAJ.AS), today announces that it has, together with its major shareholders Bertelsmann Luxembourg S.à r.l. (“Bertelsmann”), Saham Customer Relationship Investment S.à r.l. Limited and Saham Outsourcing Luxembourg S.à r.l. (together “Saham”), discontinued discussions with Sitel Group S.A. (“Sitel”) and Sitel’s majority shareholder, the Mulliez family, regarding a potential merger between Majorel and Sitel.

The decision follows intensive efforts to consummate the deal but, despite completed due diligence and validated synergies between the two companies, alignment could not be reached on the final structure of the transaction against the background of the current macro environment.

Thomas Mackenbrock, CEO of Majorel, comments on today’s announcement: “Majorel’s deep CX know-how, passionate team members globally, operational excellence and strong financial position is the basis to be a trusted long-term partner for many of the world’s most respected brands. We look ahead with confidence, backed by our solid balance sheet, positive net cash position, strong half-year results, and increased guidance for the full year. We will continue to build on our momentum to deliver positive outcomes for our clients, our team members, our shareholders and the local communities where we operate.”

ABOUT MAJOREL

We design, build and deliver next-generation end-to-end CX solutions for many of the world’s most respected digital-native and vertical leading brands. Our comprehensive east-to-west global footprint in 44 countries across five continents, with more than 78,000 team members and 60 languages, allows us to deliver flexible solutions that leverage our expertise in cultural nuance, which we believe to be essential for true excellence in CX. We have deep domain expertise in tech-augmented front to-back-office CX. Additionally, we offer Digital Consumer Engagement, CX Consulting, and an innovative suite of Proprietary Digital Solutions for industry verticals. We are a global leader in Content Services, Trust & Safety. We believe the ‘Majorel difference’ to be our culture of entrepreneurship.

CONTACT

Investor Relations 
Michèle Negen
SVP, Investor Relations
ir@majorel.com

Media Relations
Andrew Slater
SVP, Global Marketing & Communications
media@majorel.com


DISCLAIMER

This announcement is released by Majorel Group Luxembourg S.A. (“Company”) and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). This announcement is made for the purposes of MAR and pursuant to Article 2 of Commission Implementing Regulation (EU) 2016/1055.

All financials are based on unaudited and non-reviewed management reporting. It does not purport to contain all information required to evaluate the Company and/or its financial position. All forward-looking statements are based on the Company’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a detailed description of these factors and uncertainties, please refer to the “Risk Factors” section of our Prospectus, available at https://www.bourse.lu/issuer/MajorelGroupSA/105258. The Company undertakes no obligation to publicly update or revise any of these forward-looking statements.

 

19-Sep-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Majorel Group Luxembourg S.A.

18, boulevard de Kockelscheuer

L-1821 Luxembourg

Luxemburg

Phone:

+352 42 142 56 11

E-mail:

michele.negen@majorel.com

Internet:

www.majorel.com

ISIN:

LU2382956378

WKN:

A3C3EP

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; Amsterdam

EQS News ID:

1445651


 

End of Announcement

EQS News Service

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