Sodexo's Pluxee, Santander Enter Into Brazil Partnership
July 25 2023 - 1:54AM
Dow Jones News
By Adria Calatayud
Sodexo said Tuesday that its Pluxee benefits-and-rewards
services business and Banco Santander's Brazil unit have entered
into a strategic partnership that will see Santander take a 20%
stake in Pluxee Brazil.
The French food-services company said Pluxee will integrate
Santander's employee-benefits activities and enter into a 25-year
exclusive distribution agreement with the bank's Brazil network.
Further financial details weren't disclosed.
The deal will allow Pluxee to accelerate growth in meal and food
benefits, Sodexo said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 25, 2023 01:39 ET (05:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Banco Santander (NYSE:SAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Banco Santander (NYSE:SAN)
Historical Stock Chart
From Jul 2023 to Jul 2024
