Jacob K. Jacobs increases ownership in Accedo S.A. by acquiring 6.8 million shares from Jacobs Holding AG.
In a significant development, Jacobs Holding AG has reduced its stake in the Fortune Global 500 company, Adecco Group, from 11.7% to 8.1%. This reduction comes as a result of a transaction worth CHF 405 million.
Adecco Group, listed on both Euronext Paris - Premier Marché (EURONEXT: ADE) and the New York Stock Exchange (NYSE: ADO), is a global leader in HR services with over 6,500 offices in 70 countries and territories. The group connects up to 700,000 associates with business clients each day, making it a key player in the industry.
However, it's important to note that Adecco Group's forward-looking statements are subject to risks and uncertainties. Factors that could affect these statements include global GDP trends, changes in regulation of temporary work, intense competition, changes in the company's ability to attract and retain qualified temporary personnel, resolution of US state unemployment tax reviews, resolution of a French anti-trust investigation, resolution of the US class action litigation, and adverse developments in existing commercial relationships, disputes, or legal proceedings.
Klaus J. Jacobs, the personal holder of approximately 7 million shares of Adecco Group, acquired these shares for CHF 59.82 per share. The parent company of Mr. Jacobs, who acquired 6.8 million shares, is UBS Group AG. This transaction represents 3.6% of Adecco Group's share capital.
For further information about this development, please contact Adecco Group's Corporate Press Office at [email protected] or Axel J. Schafmeister at Tel. +41 44 878 8832. Adecco Group is also listed on the Swiss Stock Exchange (SWX/VIRT-X: ADEN).
The Adecco Group is managed by a multinational team with expertise in markets spanning the globe. As a registered company in Switzerland (ISIN: CH0012138605), Adecco Group continues to be a significant player in the HR services industry, maintaining its position as a Fortune Global 500 company.
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