Elior: raises stake in Elior North America

(CercleFinance.com) - Elior Group announced this Monday that it has launched an offer to buy out the minority shareholders of Elior North America, so as to increase its stake from 74% to 92% if all the shares targeted are tendered to the offer.


The transaction will enable it to simplify its capitalistic structure and strengthen its partnership with Mike Bailey and Brian Poplin, who will remain minority shareholders with 8% of the capital, to lead growth in the United States until 2022.

The catering and services group specifies that the deal will entail a cash payment of 115 million dollars and is expected to enhance EPS from 2019.


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