Pluxee, Edenred rise on market relief over Visa's Brazil role

Pluxee

03/11/2025 11:33

** Shares in French voucher provider Pluxee PLX.PA rise 3.3%, driven by market relief over Visa's V.N limited role in Brazil's Meal Vouchers market.

** Concerns over Visa's entry were unjustified, contributing to Friday's low-single-digit sell-off, says AlphaValue analyst Yi Zhong

** The rise follows a clarification from Edenred EDEN.PA that Visa's involvement is restricted to implementing a dedicated system for existing players, not as a new competitor, analyst adds

** Peer Edenred also rises 2.2%

** "The core competitive structure within the Brazilian Meal Voucher sector appears to remain stable," says Zhong

** Up to the previous session's close, Pluxee shares were down 10.5%​ YTD

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))