Luxembourg, 21 April 2011 – Transcom today announced that it entered into a definitive agreement to sell its Roanne, France site and transfer ownership of the site and its business to b2s. This transaction follows the positive completion of the information/consultation procedure with employee representatives. There are currently 273 permanent employees at the Roanne site that will transfer to b2s along with the site. Cash outflow for this operation is €4.3 million comprising the funding and the amount of accruals related to transferred employees.
“The divestment of Transcom’s Roanne site is part of the ongoing transformation and streamlining of the Group’s French operations.
“We are confident that b2s will contribute to the development of the Roanne site for the benefit of our former employees”, said Pablo Sánchez-Lozano, Chief Executive Officer of Transcom.
“Transcom is fully dedicated to building a strong presence in the French market, and the rationalization of our service delivery footprint in the country will allow us to focus on this goal.”
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For further information, please contact:
Pablo Sanchez–Lozano, President and CEO +352 27 755 000
Aïssa Azzouzi, CFO +352 27 755 021
Stefan Pettersson, Head of Investor Relations +46 70 776 80 88