Sodexo expands footprint in Brazil with strategic partnership between Pluxee and Santander

Along with the unique distribution pact, Santander can also be contributing Ben its current Worker Advantages exercise in Brazil.

With the addition of Ben’s experience (Santander’s Worker Advantages exercise) and the unique distribution of Pluxee’s Worker Profit options all through the Santander community, this new step in Pluxee’s aim to speed up progress in Meal & Meals Advantages will strengthen its market management in Brazil.

The transaction is topic to the approval processes with the Administrative Council for Financial Protection and the Central Financial institution of Brazil.

When it comes to natural progress and EBITDA margin, the deal shall be accretive for Pluxee from the primary yr onward.