Following its spin-off from Sodexo, Pluxee has successfully listed its shares on the regulated market of Euronext Paris on 1 February 2024. De Brauw acted as co-counsel for Sodexo and Pluxee during the spin-off and the listing, alongside White and Case Paris.
French listed Sodexo decided to spin-off its employee benefits and engagement business into a stand-alone company with the name Pluxee. Pluxee is a global player in the employee benefits and engagement market and operates in 31 countries.
Pluxee is organised under a Dutch topholding listed on Euronext Paris with its place of effective management in France.
The Bellon family, majority shareholder in Sodexo, will remain majority shareholder in Pluxee with controlling voting rights pursuant to grandfathering of loyalty voting rights.