Bredin Prat advises Bellon SA in connection with the conclusion of a share purchase agreement with Sodexo for the acquisition of Sofinsod

Bredin Prat has advised Bellon SA in connection with the conclusion of a share purchase agreement for the acquisition of Sofinsod from Sodexo and the distribution of the proceeds of the sale to Sodexo shareholders, by means of payment of an interim dividend.

The transaction values 100% of the shares of Sofinsod, an entity with only one asset on its balance sheet, i.e., its 19.6% stake in Bellon SA, at €918 million, and allows Sodexo to unwind the cross-holding.

The transaction is expected to be completed by 23 August 2024.

The Bredin Prat team assisting Bellon SA includes:

• Corporate: Benjamin Kanovitch, Jean-Benoît Demaret (partners) and Caroline Forschbach
• Tax law: Sébastien de Monès, Jean-Baptiste Frantz (partners), Rima Jirari