Sept 25 (Reuters) - French food catering firm Sodexo
is exploring a potential acquisition of its U.S. rival
Aramark ( ARMK ), Bloomberg News reported on Wednesday.
Sodexo has been periodically discussing the deal with food
and facilities management provider Aramark ( ARMK ) in recent months, the
report said, citing people familiar with the matter.
However, there is no guarantee that the talks will lead to a
deal and, in any case, a potential deal could face antitrust
scrutiny. Sodexo would also need to secure the funds for such a
sizeable acquisition, the report added.
Philadelphia-headquarterd Aramark ( ARMK ), which provides services
across 15 countries, has a market capitalization of over $9.8
billion, as per LSEG data.
Aramark ( ARMK ) declined to comment on the report. Sodexo did not
immediately respond to a Reuters request for comment late on
Wednesday.
Sodexo, which provided catering for the Paris Olympic Games
and the Paralympics this summer and spun off its voucher
business Pluxee at the start of February, is still
raising prices to cushion the impact of high inflation, though
at a slower pace.