Elior Group announced today that they have signed a Memorandum of Understanding with Derichebourg Group, under which Elior Group would acquire Derichebourg Multiservices in exchange for new Elior Group shares issued to Derichebourg SA. This transaction, which would accelerate Elior Group’s turnaround, is the result of a comprehensive review of strategic options, launched by the Board of Directors in July 2022. The transaction has been unanimously approved by Elior Group and Derichebourg’s Board of Directors.
Commenting on the transaction, Bernard Gault, Chairman and CEO of Elior Group, said:
"After positioning the Group on a profitable path, we are accelerating our turnaround by strengthening our position in service businesses that are highly attractive and complementary to our current activities. By offering a broader suite of services to our clients, we are pursuing a new ambition and creating long-term value for Elior Group’s employees, clients and shareholders.
As part of this project, we are introducing a new balanced and adapted governance structure for all our stakeholders. Daniel Derichebourg, who will be nominated as Chairman and CEO of Elior Group, is an experienced entrepreneur who is passionate about his customers. His track record is a testament to his exceptional success, and he is the ideal leader to accelerate Elior Group’s recovery and enable the Group to achieve its full potential in both of our activities. Daniel’s interests will be fully aligned with those of Elior and the Group’s shareholders."