Capitalizing on solid foundations and operating in attractive and growing markets, the Group continued the implementation of its 2025 strategic plan and accelerated the transformation of its business model during Fiscal 2024.
Fiscal 2024 has been a transformative year focused on simplification and streamlining. The Group took decisive steps to refocus the company, highlighted by the spin-off of Pluxee and the simplification of the shareholding structure. These moves follow previous initiatives to rationalize the portfolio and reorganize the operational structure.
The Pluxee spin-off was successfully concluded with the detachment and first listing of Pluxee shares on Euronext Paris on February 1, 2024, and the delivery of the Pluxee shares to shareholders on February 5, 2024. The resolution proposed by the Board of Directors to approve the exceptional distribution in kind of one Pluxee share for every Sodexo share held was adopted at 99.96% during the Shareholders Meeting held on January 30, 2024. Following the Pluxee spin-off, Sodexo is now a pure player in Food and Facilities Management services.
On August 23, 2024, Sodexo sold its 19.6% stake in Bellon SA, via its subsidiary Sofinsod, to Bellon SA for 918 million euros, enabling the simplification of Sodexo’s shareholder structure. This transaction allowed Sodexo to unwind the crossholding and monetize an illiquid and undervalued asset. The sale proceeds were distributed in full to Sodexo shareholders in the form of a special interim dividend of 6.24 euros per share at the end of August 2024.