Development

Sodexo Looking to Aquire French Chain Lenôtre

Sodexo (PARIS:SW) (OTCBB:SDXAY) announced today that it has entered into exclusive discussions with Accor regarding the possible acquisition of the French company, Lenôtre.

Sodexo

Sodexo views the acquisition as a unique opportunity to develop its portfolio of Prestige activities in France and internationally.

The transaction will be the subject of consultations with employee representatives and will be submitted for the approval of competition authorities.

About Sodexo

Quality of Life plays an important role in the progress of individuals and the performance of organizations. Based on this conviction, Sodexo acts as the strategic partner for companies and institutions that place a premium on performance and employee well-being, as it has since Pierre Bellon founded the company in 1966. Sharing the same passion for service, Sodexo’s 380,000 employees in 80 countries design, manage and deliver an unrivaled array of On-site Service Solutions and Motivation Solutions. Sodexo has created a new form of service business that contributes to the fulfillment of its employees and the economic, social and environmental development of the communities, regions and countries in which it operates.

Key figures (as of August 31, 2010)

  15.3 billion euro consolidated revenue

380,000 employees

21st largest employer worldwide

80 countries

34,000 sites

50 million consumers served daily

8.5 billion euro market capitalization (as of July 21, 2011)

 



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