PARIS, October 17 (Reuters) – Sodexo, Edenred and Elior rose sharply on the stock market on Tuesday morning in reaction to information according to which commissions on restaurant vouchers could ultimately not be capped.
Around 07:30 GMT, Sodexo took 1.53%, Edenred 4.37% and Elior 3.17%, compared to an increase of 0.06% for the SBF.120 and the CAC40.
The daily Les Echos wrote on its website Tuesday that the Competition Authority advises in an opinion against limiting the rates of commissions levied by issuers on restaurateurs.
The newspaper adds that Olivia Grégoire, the delegate minister responsible for SMEs, Commerce, and Crafts and Tourism, should follow the recommendations of the Competition Authority.
Olivia Grégoire declared on October 2 on franceinfo that if a “market dysfunction was proven, she would not take time to cap the commissions on restaurant tickets, so that restaurateurs do not suffer too high commissions”, which had then affected the stock price of collective catering companies. (Writing by Claude Chendjou, edited by Kate Entringer)
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