White & Case advises Sodexo on simplification of ownership structure and payment of interim dividend

Global law firm White & Case LLP has advised Sodexo, a France-based global service provider company, on the simplification of its ownership structure and payment of an interim dividend.

Sodexo has signed a share purchase agreement for the sale of Sofinsod to Bellon SA and the distribution of the proceeds of the sale to Sodexo shareholders in the form of an interim dividend. This transaction allows Sodexo to unwind the cross-holding and values 100 percent of the shares of Sofinsod, which holds only one asset on its balance sheet, which is a 19.6 percent stake in Bellon SA, at €918 million.

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

The White & Case team in Paris which advised on the transaction was led by partner Marc Petitier and included associates Olivier Pâris and Hugo Chevillot.

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