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Industry: Email Alert RSS FeedSodexho offers to buy larger stake in Eurest France
Nation's Restaurant News, April 22, 1996
PARIS -- Institutional caterer Sodexho SA offered to buy the 33.2-percent stake in Eurest France now held in part by the company's management, which would increase Sodexho's share of Eurest to more than 66 percent.
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Sodexho said it would pay as much as 694 million francs -- about $138 million -- for the stake, in which other parties, including French restaurant group Financiere Generale de Restauration, also were reported to be interested. Sodexho also said it would challenge rival Accor SA's sale of its stake in Eurest to Compass Plc. on the grounds that the sale was in conflict with an earlier agreement with shareholders.
COPYRIGHT 1996 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
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