Elior's IPO set to be big and easy as investor work starts

By Nina Flitman
15 May 2014

A jumbo IPO for French catering firm Elior is likely to be an easy one for investors to get their heads around, as bankers close to the deal outline the wide range of existing comparable firms already in the market.

The offering, which began investor education on Wednesday, will be of at least €1bn. The company will raise €700m-€750m in a primary portion, which will be used to repay debt. A secondary portion is also expected, but the identities of the selling shareholders and the size of this ...

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