Compass, which provided hospitality at the
CH&Co, which also counts the
If the takeover goes ahead, it would be Compass's largest acquisition since 2019, when it picked up the Nordic caterer Fazer Food Services for €475m (£407m).
The mooted acquisition would also mark a dramatic turnaround for Compass.
Less than four years ago the group was forced to raise £2bn from shareholders and lay off thousands of staff members to get through the coronavirus pandemic, which wiped off nearly 50 per cent of its valuation practically overnight.
Compass and CH&Co did not respond to a request for comment.
(c) 2024 City A.M., source