Edenred: BC Partners reportedly looking for co-bidder to make an offer at €27-28 per share

Research evidence excerpt

Edenred: BC Partners reportedly looking for co-bidder to make an offer at €27-28 per share

Benefits & Engagement segment driven by PME penetration could have a positive impact on our

PT: 1pp higher organic growth than we estimate here could increase our PT by €0.5. ii) A higher increase than we expect in the

Mobility segment driven by additional solutions (tolls, maintenance) in an underpenetrated market or fuel price increase could

increase our PT.

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