Elis : Acquisition in US comes as a surprise, but Elis confirms desire to maintain investment grade and EPS enhancement in year 1
>Elis confirmed on Friday that it had approached Vestis with a view to an acquisition - On Friday, Elis’ share price dropped by 15.66% after a Reuters article indicated that the group had approached Vestis (VSTS) regarding a potential acquisition. This rumour was confirmed by Elis’ management in a press release during the day, which said that the approach was only preliminary and that there was no guarantee discussions would lead to the signature of a transaction or a...Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
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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