Euronext today celebrated the listing of Elior, a global leader in contract catering, catering concessions and related services, in Compartment A of the regulated market in Paris, under ticker code ELIOR.
A global player in catering and associated services present in 13 countries, Elior delivers catering solutions and personalised services to 3.7 million customers a day through its 105,000 employees, who harness their passion and skills to look after each and every client at some 17,500 restaurants and sales outlets in the business, education, healthcare, travel and leisure sectors.
Elior was listed through the admission to trading of all of the 164,212,685 shares making up its equity and of 57,401,522 new shares issued under a Global Offering1(including 4,181,184 existing shares and 53,220,338 new shares). The offering price was set at €14.75 per share, and market capitalisation was around €2.4 billion on the day of listing.
The offering totalled €847 million, including approximately €785 million in new shares and €60 million in existing shares sold by entities controlled by Charterhouse, Chequers, Bagatelle Investissement et Management, Intermediate Capital Group and Sophia Global Investment Ltd (the “Selling Shareholders”).
“We are absolutely delighted to welcome Elior to Euronext’s regulated market in Paris. This is the largest IPO our market has seen since 2007, and fully confirms the rebound of the French market that began in autumn 2013. Elior’s listing on Euronext will give it access to Europe’s largest pool of liquidity and will substantially raise its visibility with national and international investors,”said Anthony Attia, Chairman and CEO of Euronext Paris.
Marc Lefèvre, Head of European Business Development and Client Coverage, European Listings, Euronext, added: “We are particularly pleased to welcome this French leader in the catering industry, a company with entrepreneurial spirit and an impressive international network, back to the stock market. Elior’s listing illustrates our markets’ capacity to work at the very heart of the business financing chain, offering companies the resources they need to deploy their business strategies.”
Elior CEO Gilles Petit said: “We are very happy to be returning to Euronext in Paris. Thanks to the support of our shareholders and our unique positioning, we now have the resources we need to continue to break new ground and pursue our business strategy as we strive for leadership of our market.”
1The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.
