Sodexo Completes €918 Million Sale of Sofinsod
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Sodexo Completes the Sale of Sofinsod
Sodexo has finalized the sale of Sofinsod to Bellon SA for a notable sum of €918 million. This strategic move allows Sodexo to simplify its shareholder structure and effectively monetize an asset that was previously illiquid. The completion of this sale marks a significant milestone for the company, reflecting its ongoing focus on enhancing operational efficiency and shareholder value.
Distribution of Special Interim Dividend
In conjunction with the sale, all proceeds generated will be allocated as a special interim dividend of €6.24 per share. This dividend represents a remarkable opportunity for shareholders to benefit directly from the successful transaction. As Sodexo prioritizes financial transparency and shareholders’ interests, this move is in line with its commitment to delivering value.
Dividend Dates and Details
The ex-dividend date is set for an upcoming date, with the record date immediately following. Shareholders can expect to receive the special interim dividend shortly thereafter, showcasing Sodexo’s dedication to providing its shareholders with timely financial returns.
Overview of Sodexo
Sodexo, founded in Marseille in 1966 by Pierre Bellon, stands as a global leader in sustainable food services and valued experiences for individuals across various sectors. With a commitment to enhancing everyday quality of life, Sodexo combines its Food and Facilities Management Services to meet the diverse challenges of modern living. Their dual focus aims to uplift the experiences of employees and clients while fostering economic, social, and environmental progress in the communities they serve.
Commitment to Sustainable Practices
Sodexo’s reputation is built on its independence, familial shareholding, and a sustainable business model that underscores its operations. As the organization grows, it remains focused on creating a better everyday life for everyone, promoting a higher quality of life across all societal facets.
Financial Strength of Sodexo
The financial power of Sodexo is evidenced by its impressive metrics. For the fiscal year 2023, consolidated revenues reached €22.6 billion, with a robust workforce of 430,000 employees globally. These figures solidify Sodexo's status as the number one private employer in France and highlight its expansive international presence across 45 countries, serving approximately 80 million consumers daily.
Market Performance and Value
As of recent evaluations, Sodexo's market capitalization has reached €13 billion, reinforcing its position in the competitive market landscape. The company's inclusion in various esteemed indices such as the CAC Next 20, CAC 40 ESG, and DJSI reflects its strong market performance and commitment to environmental, social, and governance principles.
Company Contacts
For further inquiries related to media and investor relations, please refer to the following contacts:
Media Inquiries
Mathieu Scaravetti
Tel: +33 6 28 62 21 91
Email: Mathieu.scaravetti@sodexo.com
Investor Relations
Virginia Jeanson
Tel: +33 1 57 75 80 56
Email: Virginia.jeanson@sodexo.com
Frequently Asked Questions
What was the total amount for the sale of Sofinsod?
The sale of Sofinsod was completed for €918 million.
How much is the special interim dividend per share?
Sodexo is distributing a special interim dividend of €6.24 per share.
Who is the buyer of Sofinsod?
Sofinsod was sold to Bellon SA.
When is the ex-dividend date?
The ex-dividend date is set for an upcoming date, shortly before the dividends are issued.
What is Sodexo's primary business focus?
Sodexo is focused on sustainable food services and improving the quality of life for people through its diverse offerings.
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