Sodexo: concludes sale of Vivabox.

(CercleFinance.com) - Sodexo has announced that it has completed the sale of Vivabox USA to Lion Equity Partners, following the sale of Vivabox's European operations in 2015.


The disposal of this activity generated a capital gain in 2016-2017.
Vivabox, a market leader in gift boxes, is a profitable subsidiary that offers marketing services dedicated to the distribution sector, although this activity did not feature as part of Sodexo's service development strategy.

In addition, Sodexo confirmed its target of an increase in 2016-2017 operating income at the lower end of the range of 8% to 9%, remembering that the FX effect over the period will be lower than in the first half.


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