Holla advises OTTO

Holla advises on successful sale and transfer of a 56% (EUR 66 million) stake in Dutch staffing company OTTO Work Force to Japanese listed company OUTSOURCING Inc

Today a majority stake in OTTO was transferred to OUTSOURCING, listed on the Tokyo Stock Exchange, holding a strong position in the Asian market. The firm also operates in South America and Australia, and is increasingly expanding in Europe. OTTO is market leader in international employment services in Europe and foresees an increase in intercontinental labor migration in the coming years due to economic growth and the aging of the population. Thanks to OSI’s global network, OTTO can now expand its position as market leader in Europe to the global market. For further information, please contact Robert van Muijen or Pim van de Goor.