Bertelsmann 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.
Source: Reuters.com