Japanese staffing agency bids for USG People
See more DutchNews articles in your Google search results
See more DutchNews articles in your Google search results
Add as a favourite source on Google Add DutchNews as a favourite source on Google
Japanese staffing agency Recruit has made a €1.4bn offer for Dutch temporary employment group USG People.
Recruit is offering €17.50 per share for USG People, which operates the Start People and Unique labels. This is a 31% premium on Monday’s closing price in Amsterdam.
USG’s management and supervisory boards support the bid and company founder Alex Mulder has already tendered his 19.8% stake.
The takeover will give Recruit direct access to the European staffing market.
Recruit’s chief executive Masumi Minegishi said in a statement that Recruit’s midterm vision is to become the world leader in human resources by around 2020 in terms of the number of positions filled.
‘Together with USG People, we aim to become a recognised industry leader in Europe. The time has now come to take another significant step forward. We see great long-term potential in combining USG People with Recruit.’
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation