PARIS, Nov 23 (Reuters) – Elior (ELIOR.PA) is discussing a possible tie-up with its biggest shareholder Derichebourg (DBG.PA) as the French caterer looks to shore up its balance sheet amid ongoing high-inflation environment, Bloomberg News reported on Wednesday.
An Elior spokesperson declined to comment on the Bloomberg News report while officials at Derichebourg could not immediately be reached for comment.
Elior is close to finalizing its strategic options in the coming weeks, the group’s Chairman and Chief Executive Bernard Gault had said earlier on Wednesday, as Elior posted its annual results.
“The board of directors is finalizing examining various scenarios with the aim to retain the one that will optimize the Group’s strategic orientations and improve its financial position,” Gault said in a statement.
The proposed combination would see Derichebourg transfer assets to Elior in exchange for an increase to its roughly 24% stake,…