Derichebourg announces the acquisition of a minority stake in Elior Group
May 19 2022 - 1:28AM
Derichebourg announces the acquisition of a minority stake in Elior
Group
Derichebourg Group (“Derichebourg”) announces
the signing of an agreement with BIM, controlled by Sofibim,
holding company of Robert Zolade, founder of Elior Group (“Elior”),
and with Gilles Cojan to acquire a minority stake in Elior. It
represents a real opportunity for Derichebourg to invest in one of
the world's leading operators in contract catering and support
services, with strong potential and proven attractiveness.
Pursuant to these acquisitions, which shall
occur on June 30th, 2022 at the latest, Derichebourg will acquire
14.7% of Elior’s share capital from BIM and Gilles Cojan at a price
of €5.65 per Elior share with a potential earn-out clause up to
€1.35 per share based on Elior’s share price evolution between
January 1st, 2023 and December 31st, 2024. Derichebourg, which
already held 4.9%, will then increase its stake to a total of 19.6%
of Elior's share capital.
Derichebourg’s vision is based on a spirit of
long-term shareholder commitment and support towards the strategy
set by Elior’s Board of Directors.
Daniel Derichebourg, Chairman and CEO of
Derichebourg, has declared: “We are very pleased to support Elior’s
industrial project, especially in the services sector. Elior is a
company we have collaborated with in the past and we share with
them a common strategic vision as well as an entrepreneurial and
family spirit which we are very keen to maintain. Derichebourg is
very grateful towards Robert Zolade’s achievement as historical
shareholder of Elior. His efforts and initiatives have made Elior a
worldwide leader in its field, and a reference in all of its
business lines. His actions built a proven expertise, which
explains our investment today.”
Following this investment, Derichebourg will ask
for two seats at Elior’s Board of Directors.
Derichebourg does not intend to launch a tender
offer on the remaining share capital.
About Derichebourg The
Derichebourg Group is a major player working for companies and
local authorities on an international scale. It offers a
comprehensive and integrated range of services in two complementary
business segments: environmental services (recycling, recovery,
collection of household waste, urban cleaning, management of waste
reception centers, etc.) and business services (cleaning, energy,
temporary employment, aeronautics, etc.). The Group is present
today in 10 countries, on 3 continents, and has approximately
41,300 employees worldwide. In 2021, the Derichebourg Group's
revenue totaled 3.6 billion Euros. For more information:
www.derichebourg.com
ISIN Code: FR
0000053381-DBG
- 2022.05.19 - Elior - Communiqué de Presse EN
Derichebourg (EU:DBG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Derichebourg (EU:DBG)
Historical Stock Chart
From Jul 2023 to Jul 2024