The logo of French employee services group Sodexo is seen at the company’s headquarters in Issy-les-Moulineaux near Paris
The French employee services group Sodexo announced on Tuesday that the listing on the Paris Stock Exchange of its social benefits division Pluxee would take place on February 1, 2024.
“The Pluxee spin-off will be submitted to a shareholder vote at a dedicated General Meeting on January 30, 2024, after which Pluxee will be listed on Euronext Paris on February 1, 2024,” Sodexo said in a press release.
Sodexo, which is benefiting from the rising cost of living as employers seek to support their staff without raising salaries, announced plans in April to spin off and list its benefits and rewards division on the stock market by 2024, in betting on the good performance of the activity
Pluxee, which has a bridging loan of 1.5 billion euros and a revolving credit facility of 0.65 billion euros, had a liquidity position of 859 million euros as of August 31, 2023. euros, said Sodexo.
The group also announced that Pluxee would organize an investor day on January 10, 2024 to present its strategy and growth prospects.
(Written by Diana Mandiá)