ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SDXAY Sodexo (PK)

18.135
0.175 (0.97%)
Last Updated: 18:16:19
Delayed by 15 minutes
Name Symbol Market Type
Sodexo (PK) USOTC:SDXAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.175 0.97% 18.135 18.12 18.15 18.15 17.94 17.96 14,042 18:16:19

Sodexo Signs 10-Year Contract With Rio Tinto Worth $1.86 Billion

16/03/2016 6:56am

Dow Jones News


Sodexo (PK) (USOTC:SDXAY)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Sodexo (PK) Charts.

By Ambroise Ecorcheville

 

PARIS--Catering and services company Sodexo SA (SW.FR) announced Wednesday it had signed a 10-year contract worth an estimated A$2.5 billion ($1.86 billion) with mining company Rio Tinto Ltd. (RIO.AU)to run all of its assets in Australia's Pilbara region.

Sodexo, whose services include catering, cleaning and property management, said it would provide the full range of services agreed in the contract by the second half of 2016.

"This contract validates our decision to reorganize Sodexo to focus on segments of clients, rather than by geography" at the end of 2015, said Sodexo Chief Executive Michel Landel.

The French company employs some 420,000 people and had a market capitalization of 15 billion euros ($16.65 billion) at Tuesday's close.

 

(Nick Kostov contributed to this article.)

 

-Write to Ambroise Ecorcheville at ambroise.ecorcheville@wsj.com

 

(END) Dow Jones Newswires

March 16, 2016 02:41 ET (06:41 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year Sodexo (PK) Chart

1 Year Sodexo (PK) Chart

1 Month Sodexo (PK) Chart

1 Month Sodexo (PK) Chart

Your Recent History

Delayed Upgrade Clock