The FMCG major Hindustan Unilever (HUL) said it exited from BPO firm Capgemini Business Services India by selling its remaining 49 percent stake to IT consultancy firm Cap Gemini SA for an undisclosed sum, reports PTI.
“Hindustan Unilever has now divested its 49 percent stake in Capgemini Business in favor of Cap Gemini SA,” HUL said in a filing to the Bombay Stock Exchange. Capgemini Business, formerly known as Unilever India Shared Services (USSL), was set up as an in-house business process outsourcing unit of the FMCG leader. In September 2006, HUL sold 51 percent stake in this firm to the France-based Cap Gemini SA, after which USSL was renamed as CGBSL.
HUL had earlier said as a part of its normal business process it continuously review its assets, including real estate, and on a case-to-case basis to unlock business value.
Source:http://www.siliconindia.com/shownews/Hindustan_Unilever_exits_BPO_arm_Capgemini-nid-66651.html
