Derichebourg to acquire a minority stake in Elior Group for €143m.

Derichebourg, a French global operator at the international level in environmental services to businesses and local and municipal authorities in 10 countries on 3 continents, agreed to acquire a minority stake in Elior Group, a contract food service company, for €143m ($150m). "We are very pleased to support Elior’s industrial project, especially in the services sector. Elior is a company we have collaborated with in the past and we share with them a common strategic vision as well as an entrepreneurial and family spirit which we are very keen to maintain. Derichebourg is very grateful towards Robert Zolade’s achievement as historical shareholder of Elior. His efforts and initiatives have made Elior a worldwide leader in its field, and a reference in all of its business lines. His actions built a proven expertise, which explains our investment today," Daniel Derichebourg, Derichebourg Chairman and CEO.