Edenred, Pluxee fall on media report France may reform meal voucher system

Pluxee

28/03/2025 09:22

Repeats to fix hyperlink in 1st bullet

** Shares in French voucher providers Edenred EDEN.PA and Pluxee PLX.PA slide between 4% and 5% after the French daily Les Echos reported that the French government is considering a reform of the meal voucher system

** France plans to ease usage restrictions and cap merchant commission rates to 2.5% from 4% on average now, to deal with the high amount of unused money on employees accounts, Les Echos reports

** "Voucher issuers may struggle to capitalize on significant unused funds in employee accounts, and more obviously, from charging merchants high redemption commissions", Alphavalue analyst Yi Zhong says

** Both stocks are the two worst performers on France's SBF 120 .SBF120 index

 (Reporting by Federica Mileo)

 ((federica.mileo@thomsonreuters.com))