Sodexo Completes €918 Million Sale of Sofinsod to Bellon SA

Issy-les-Moulineaux, August 23, 2024 – Sodexo has announced the successful sale of its subsidiary Sofinsod to Bellon SA for €918 million. This strategic move aims to simplify Sodexo’s shareholder structure while also monetizing an asset that had become illiquid. The transaction is expected to enhance the company’s financial flexibility and streamline its operations. In conjunction with the sale, Sodexo will distribute all proceeds to shareholders in the form of a special interim dividend of €6.24 per share. The ex-dividend date is set for August 27, 2024, with the record date following on August 28, 2024. This dividend distribution reflects Sodexo’s commitment to returning value to its shareholders while navigating the complexities of the market. Founded in 1966 by Pierre Bellon in Marseille, Sodexo has grown to become a global leader in sustainable food and facilities management services. The company serves approximately 80 million consumers daily and is recognized as the largest private employer in France. With a market capitalization of €13 billion as of August 22, 2024, Sodexo continues to focus on improving the quality of life for its employees and clients, while also contributing to the economic, social, and environmental progress of the communities it operates in. As Sodexo moves forward, the sale of Sofinsod marks a significant step in its ongoing efforts to optimize its business structure and enhance shareholder value.