ACCRALAW assisted in the compulsory notification requirements under Republic Act No. 10667, or the Philippine Competition Act, in connection with the transaction between Majorel Group Luxembourg S.A. (“Majorel”) and Teleperformance SE worth €3 billion.
The transaction involves the voluntary cash and share offer for all shares in Majorel by Teleperformance SE.
The transaction has been cleared by the Philippine Competition Commission.
ACCRALAW acted as counsel for Bertelsmann Verwaltungsgesellschaft mbH, E Holding SCP, and Saham Outsourcing Services Fund SA, the ultimate parent entities of Majorel.
ACCRALAW Partner Eric R. Recalde and Senior Associates James Patrick O. Alojado and Monique B. Ang worked on the project.