Sodexo simplifies its shareholder structure and announces a dividend of €6.24 per share

Sodexo has reached an agreement to sell its stake in Sofinsod to Bellon SA for 918 million euros. This operation makes it possible to simplify the shareholder structure and monetize an illiquid asset. Shareholders will receive an interim dividend of €6.24 per share, paid at the end of August 2024.

Sofinsod, which held 19.6% of Bellon SA, is thus valued at 918 million euros, compared to 751 million euros previously. The transfer price was deemed fair by the independent firm Finexsi.

An ad hoc committee, composed of independent directors, supervised the transaction, unanimously approved by the Board of Directors of Sodexo on July 23, 2024. The directors of Bellon SA did not participate in the deliberations or the vote .

Sophie Bellon, President and CEO of Sodexo, welcomed this simplification of the shareholder structure as an asset for the group's growth strategy. The dividend will be detached on August 27, 2024 and paid on August 29, 2024.