Reuters exclusively reveals Autogrill submitted a bid for Elior’s Areas business

Reuters exclusively reported that Italy’s Autogrill has submitted a bid for the railways, motorway, and airport catering business of France’s Elior. The company had been seeking bids by the end of January for the Areas catering business, and Reuters reported that 10 private equity funds, including KKR, Lone Star and Blackstone were considering making a bid. The deal with Autogrill could have a value of between 1.5 and 2 billion euros.