*Hindustan Unilever Ltd* has divested the remaining 49% stake in* Capgemini Business Services (India) Ltd* to its partner *Cap Gemini SA. * Capgemini Business Services (India) Ltd - formerly known as Unilever India Shared Services Ltd - was the inhouse BPO unit of HUL, until HUL entered into an agreement with Cap Gemini in September'06 for the sale of 51% stake in the BPO unit to Cap Gemini. Post deal, the name was changed to CapGemini. It has has operating centres in Bangalore and Chennai.
Transaction Note Then in Oct'06, HUL entered into a fresh agreement with CapGemini to sell the remaining 49% in the BPO unit to CapGemini SA by 31st March'2009., but the put/call option was postponed for one year by mutual agreement. Accordingly HUL has now sold the 49% stake to Cap Gemini. Paris based - Capgemini provides Consulting, Technology and outsourcing services. It has operations in North America, Northern Europe & Asia Pacific and Central & Southern Europe. Its clientele includes Ford, BMW, Coca Cola and HSBC among others. It picked up a majority stake in Unilever India Shared Services and renamed it Capgemini Business Services India to leverage its expertise and capabilities and extend the business outside of the Unilever Group. Earlier in 2008, Capgemini also acquired 100% of Unilever's BPO F&A activities in Latin America. Capgemini also entered into a 7-year agreement with Unilever to deliver a full range of BPO financial servicesto Unilever's businesses in Latin America, including the transactiona tax services for Unilever Brazil. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
