Sodexo: Bellon SA to buy back shares

(CercleFinance.com) - Bellon SA, Sodexo's reference shareholder, announced on Monday its intention to purchase shares in the foodservices group, for an amount likely to reach 100 million euros.


In a brief press release, the family-owned holding company stated that this was an asset-based transaction, reflecting its confidence in the company's prospects.

The entity, owned by the family of the founder of the food services group Pierre Bellon, would control some 42.7% of Sodexo's capital and 58.2% of its voting rights by the end of 2024.

Bellon SA also announced its intention to purchase shares in Pluxee, Sodexo's former meal voucher subsidiary, which is now independent and has been listed on the stock exchange for a year.

In the wake of this announcement, Sodexo shares were stable in early trading on Monday morning, in a Paris market down 1.5% in the climate of trade war triggered over the weekend by Donald Trump's latest announcements.

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