Adecco 16% stake to be sold by Jacobs Holding for up to CHF 2.2bn with Goldman as bookrunner - Newswire Round-up
A 16% stake in listed recruitment company Adecco [VTX:ADEN] is set to be offloaded by Switzerland-based investment firm Jacobs Holding and related family members for as much as CHF 2.2bn, according to a newswire report.
Citing one source familiar with the deal, which is being carried out through an accelerated bookbuilding run by Goldman Sachs, Reuters wrote that the price of the 30.2 million shares for sale are being fixed at between CHF 71-CHF 73 apiece.
Following the sale, the Jacobs group's stake in Adecco will drop to 4.7 million shares, or 2.5%, the item said.
Source Newswire Round-up