Elior : Elior wards off stretched situation thanks to Derichebourg
Elior is to take over Derichebourg's multiservices business (DMS) for an enterprise value of € 450m. Elior will pay for the DMS business by an issue of new Elior shares to Derichebourg which would see its stake in Elior rise to 48.4%. We think this transaction makes sense for Elior for several reasons, both operationally and financially. At the same time, the group's performance should finally recover this year after almost three years impacted by the covid pandemic, and we belie...Elior is a contracted food and support services group based in France. Co. provides personalized catering and service solutions to 3.7 million customers in the business & industry, education, healthcare, leisure and travel markets through 17,500 restaurants and points of sale in 13 countries. Co. offer solutions in two core segments, Contract Catering & Support Services (provides foodservice solutions to Business & Industry, Education and Healthcare as well as support services for facilities management and cleaning services) and Concession Catering & Travel Retail (food service solutions for motorways, airports, railway stations and leisure).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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