<\/p>\n
Moulay Hafid Elalamy\u2019s Saham Group has raised its direct stake in Teleperformance to about 12.5% after settling a \u20ac355 million derivatives contract arranged by Morgan Stanley in early September.<\/p>\n
The transaction strengthens the former Moroccan industry and trade minister\u2019s position in the French customer-service outsourcing group, with all shares acquired through the arrangement pledged as collateral.<\/p>\n
Saham used a total return swap, a contract that provided financial exposure to Teleperformance shares without immediately owning them. Settlement converted that exposure into direct ownership. Pledging the shares supports the financing arrangement but leaves the collateral exposed to changes in their market value.<\/p>\n
<\/p>\n
The investment builds on Saham\u2019s sale of its stake in Majorel to Teleperformance in 2023. Saham had owned the outsourcing business alongside Germany\u2019s Bertelsmann and received part of the sale price in Teleperformance shares.<\/p>\n
Elalamy has chaired Teleperformance\u2019s board since August 2024. Saham said when launching the transaction that it did not intend to take control of the group.<\/p>\n
The increased holding comes as Teleperformance\u2019s Moroccan operations face a separate competition review. Morocco\u2019s Competition Council is examining subsidiary Majorel Africa\u2019s proposed acquisition of Unifitel, with third parties given until Sept. 14 to submit observations.<\/p>\n
Meanwhile, Morocco\u2019s outsourcing industry is adjusting to French restrictions on telephone marketing without customers\u2019 prior consent, which took effect Aug. 11. The sector\u2019s professional federation estimates that about 10,000 jobs have been affected, with smaller operators among those exposed.<\/p>\n
These developments place Saham\u2019s investment alongside two pressures reshaping the industry: acquisition activity by larger groups and tighter rules affecting businesses dependent on outbound marketing calls.<\/p>\n
They do not, by themselves, establish a link between the French restrictions and the Unifitel acquisition. For Saham, the immediate outcome is a larger direct holding in Teleperformance, backed by a financing structure tied to the shares it now owns.<\/p>\n<\/p><\/div>\n
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":"
Moulay Hafid Elalamy\u2019s Saham Group has raised its direct stake in Teleperformance to about 12.5% after settling a \u20ac355 million derivatives contract arranged by Morgan Stanley in early September. The transaction strengthens the former Moroccan industry and trade minister\u2019s position in the French customer-service outsourcing group, with all shares acquired through the arrangement pledged as […]<\/p>\n","protected":false},"author":5,"featured_media":16454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,3092,3096,3097,2082,1182,13971,234,3095,73,3093,2208,3088,13972,3094,5174,3098,13973],"class_list":["post-16453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-characters","tag-content","tag-creation","tag-deal","tag-dont","tag-elalamys","tag-experience","tag-expert","tag-million","tag-native","tag-raises","tag-rephrase","tag-saham","tag-speaker","tag-stake","tag-talk","tag-teleperformance"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/16453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=16453"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/16453\/revisions"}],"predecessor-version":[{"id":16455,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/16453\/revisions\/16455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/16454"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=16453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=16453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=16453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}