(AOF) – In the red during the last four sessions, Sodexo fell by 0.51% to 98.28 euros on the Paris market. The collective catering specialist has confirmed that the Pluxee spin-off will be subject to a dedicated AGM on January 30, at the end of which its share will be listed on Euronext Paris on February 1, subject to the usual regulatory approvals and market conditions.
An investor day is also scheduled for January 10 during which Pluxee will present its strategic plan and the outlook for the 2024 financial year and the medium term.
Sodexo specifies that after its spin-off, “Pluxee will benefit from a solid balance sheet to implement its growth strategy”.
As of August 31, 2023, the liquidity position is 859 million euros. Pluxee has also secured “solid financing”, including a bridging loan of 1.5 billion euros and a revolving credit facility of 0.65 billion euros.
Pluxee is present in 31 countries, employs 5,000 people and has “more than 500,000 customers” and 36 million consumers.
The turnover of this entity for the 2022-2023 financial year amounts to 1.09 billion euros, an increase of 27.1%, and its net profit amounts to 234 million (+29.3 %).
Furthermore, the future board of directors of Pluxee will be chaired by Didier Michaud-Daniel, former CEO of Bureau Veritas and composed of four directors representing the Bellon family, including Sophie Bellon, the CEO of Sodexo, and five independent directors.
Among them are Bénédicte Chrétien, director of human resources at the Crédit Agricole SA bank, and Michel-Alain Proch, the financial director of Publicis.
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