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Recruit Holdings completes deal to acquire USG People

Recruit Holdings Co. Ltd. on May 30 closed its deal to acquire USG People NV for a transaction value of €1.63 billion.

The company offered €17.5 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Nomura International PLC was the financial adviser for Recruit Holdings, and Linklaters LLP (Netherlands) was the legal adviser.

Bank of America Merrill Lynch International Ltd. and ING Bank NV were the financial advisers for USG People, while Allen & Overy Amsterdam was the legal adviser.