PARIS -Sodexo has entered talks with buyout agency CVC on a deal about its restaurant test unit, French enterprise every day Les Echos reported on Monday, citing sources near the talks.
Sodexo is ready to promote 20 to 30% of the unit, which may very well be valued at as a lot as 4 billion euros ($4.3 billion) to CVC, the report mentioned.
Shares rose round 4% after the report to succeed in over 75.2 euros every, whereas the French blue-chip index traded down 1.3% They have been up 1.8% at 1340 GMT.
The group had mentioned in its half-year report earlier this month it had already offered the Russian department of the unit, which had posted natural gross sales up 9.3% for the interval at 398 million euros ($427 million).
Sodexo declined to remark whereas CVC couldn't instantly be reached for remark.
($1 = 0.9326 euros)
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