Elior to float on Paris bourse by summer – Reuters

Reuters – French caterer Elior said on Tuesday it planned to list on the Paris stock market by Summer, in what could be one of the largest initial public offering on the Paris bourse this year.

“Elior confirms (it is) preparing a stock market listing on Euronext Paris by Summer 2014,” a company spokesman told Reuters.

He would not provide further details.

Last month a source with knowledge of the matter had said that British private equity group Charterhouse Capital Partners , which owns 62.4 percent of Elior, had selected banks to handle a stock market listing of Elior later this year.

Elior, whose rivals include France’s Sodexo and Britain’s Compass, had estimated revenueof around 5 billion euros in 2013 and a sale could value Elior at about 4 billion euros, according to previous media reports. (Reporting by Noelle Mennella, Writing by Dominique Vidalon; Editing by Lionel Laurent)