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Elior Group completes the sale of Areas to Pai Partners

In Italy the company controls MyChef, one of the most important travel retail players

Elior Group has completed the sale of its subsidiary, Areas (which constitutes the Group's concession catering activities), to PAI Partners for a net total amount of c. €1.4 billion - corresponding to an enterprise value of €1.542 billion - out of which €70 million correspond to an interest-bearing vendor loan. The company, founded in Barcelona in 1968, is present in Europe, the United States and La...

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EFA News - European Food Agency