Elior in Talks Over Potential Tieup With Biggest Investor (2)

Elior SAis discussing a potential tie-up with biggest shareholder Derichebourg SA as the French caterer looks to shore up its balance sheet amid the ongoing high-inflation environment.

The proposed combination would see Derichebourg transfer its Multiservices division to Elior, both companies said in statements Thursday, confirming an earlier Bloomberg report.

Dericheboug may be able to increase its roughly 24% Elior stake in exchange, according to people familiar with the matter, who asked not to be identified as the plans aren’t public. Other options under review by Elior include a capital increase or sale of units in countries such as ...