Belgian GBL set to take control of French Webhelp

by bold-lichterman

Groupe Bruxelles Lambert (GBL), the holding company of the late Belgian billionaire Albert Frère, has entered into exclusive negotiations to acquire a majority stake in the French company Webhelp, which specializes in customer relations, she announced on Tuesday. ” Following the transaction, GBL would acquire a majority stake in Webhelp on the basis of a 100% enterprise value of 2.4 billion euros ”, is it specified in the press release.

Present in 35 countries, Webhelp, headquartered in Paris, has 50,000 employees worldwide and 3,700 in France. The company achieved a turnover of 1.3 billion euros in 2018 and according to GBL aims ” 1.5 billion euros “ in 2019. Listed in Brussels, the GBL holding company has net assets of 19 billion euros and a market capitalization of 14 billion euros.

It has stakes in Adidas, Pernod Ricard, Umicore and LafargeHolcim. Albert Frère, the richest entrepreneur in Belgium, died on December 3, 2018 at the age of 92.