Elior Group, a commercial catering and food service company, completed the acquisition of Derichebourg Multiservices, a France-based company that offers environmental services, for €450m ($493m). “With the signing of the Derichebourg Multiservices acquisition agreement, we have taken a decisive step in our project to create a new leader in contract catering and multiservices. This project lays out a new ambition for the Elior Group, one that will create value for its employees, customers, and shareholders. I personally ensured that this project will be supported by a new governance structure that meets the highest standards in terms of balance and independence over the long term. This new structure will enable all stakeholders to benefit from Elior’s development and success. I would like to thank Derichebourg SA and all the other shareholders who are supporting us in this process, particularly those who have already pledged their support at the upcoming General Meeting on April 18, where shareholders will vote on the transaction,” Bernard Gault, Elior Chairman and CEO. On March 6, 2023, Elior signed an investment agreement and a contribution agreement with Derichebourg, the financial term is confimed at €450m.