PARIS, June 10 (Reuters) - Shares in Europe's third-largestcatering group, Elior, will be priced at 14.75 eurosin its stock market return on Wednesday, which would allow it toraise at least 847 million euros ($1.15 billion) to cut debt andfund expansion.
The firm, which competes with France's Sodexo (Frankfurt: SJ7.F - news) andBritain's Compass, priced its shares towards the bottomof the indicated range of 14.35 to 17.50 euros per share, stockmarket operator Euronext said on Tuesday.
The listing would give Elior a market value of 2.4 billioneuros. It will be one of largest new listings on the Frenchbourse this year along with Coface, the trade credit insuranceunit of French bank Natixis (Paris: FR0000120685 - news) , IntercontinentalExchangeGroup's Euronext, energy services group Spie and Atos (Paris: FR0000051732 - news)Worldline, the payment and transactions processing unit of ITservice group Atos.
Elior is selling 785 million euros worth of new shares and62 million euros worth of shares from existing holders includingCharterhouse, Chequers, Bagatelle Investissement etManagement, Intermediate Capital Group and Sophia GlobalInvestment.
Elior shares will start trading at 0700 GMT on June 11 fortheir return to the Paris bourse after an eight-year absence.
($1 = 0.7345 Euros) (Reporting by Dominique Vidalon; Editing by James Regan andPravin Char)
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