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Sodexo shareholders give green light to Pluxee spin-off

Reuters
FILE PHOTO: The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris

(Reuters) - Sodexo shareholders on Tuesday approved the spin-off of its voucher and benefits division Pluxee, paving the way for its listing on Euronext Paris on Feb. 1.

French food caterer, which is benefiting from the cost-of-living crisis as employers look for ways to support staff without hiking wages, announced in April 2023 a plan to spin off and list the voucher unit in 2024, betting on the good performance of the business.

Shareholders will receive one Pluxee share for each of their Sodexo shares.

(Reporting by Diana Mandiá; editing by Milla Nissi)