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July 23, 1991

DAIMLER GETS OPTION TO CONTROL CAP GEMINI SOGETI

By CBR Staff Writer

Daimler-Benz AG yesterday announced details of its proposed relationship with Sogeti SA, the 58% controlling shareholder in Cap Gemini Sogeti SA, and the deal gives it an option to take control of the company in the medium term. It will initially take a 34% stake, buying 25% from existing holders, and subscri bing $200m for the balance to take it to 34% of the enlarged cap ital. Daimler also makes a $200m loan to the company which if converted into equity will take its stake to 39.9%, and in 1995 it will have the option to move to control, although it is thought that Sogeti founder Serge Kampf will hope to buy back the option and prevent control passing from his own hands.

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