Elior: Derichebourg deal to be approved by shareholders on April 18

Elior SA

06/03/2023 06:48

March 6 (Reuters) - Elior Group  ELIOR.PA  has signed an
investment agreement with Derichebourg for the planned
acquisition of Derichebourg's  Multiservices branch, the French
caterer said on Monday, adding the transaction should be
completed on April 18 when shareholders are due to approve the
deal.
    "This signing ... confirms the financial terms of the
transaction as communicated on December 20, 2022," said Elior in
a statement.
    The two firms had struck a deal in December under which
Elior's biggest shareholder Derichebourg (DBG.PA) will double
its stake in the French caterer to 48.4% and take operational
control, while Elior will acquire Derichebourg's Multiservices
unit.     
    "Derichebourg pledges to maintain its stake at the level
reached on transaction completion", Elior said on Monday, adding
that BDL Capital Management, Permian Investment Partners, FSP,
and EMESA, which together hold around 24.4% of its voting
rights, support the move. 

 (Reporting by Dina Kartit, editing by Tassilo Hummel)
 ((Dina.Kartit@thomsonreuters.com))