Elior rises on return to market

Michael Bow
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BRITISH-owned catering company Elior rose just over one per cent on its Paris stock market return yesterday.

The group, owned by UK buyout shop Charterhouse, closed the day at €14.90 a share, having listed at the lower end of the range at €14.75. It had previously set a price range of €14.35 to €17.50.

Elior provides catering services for schools and universities in the UK, including the School of Oriental and African Studies (SOAS) in London and it is the third largest catering outfit in Europe.

Charterhouse took Elior off the stock market in 2006 in a €2.5bn buyout.