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Elior shares up 1.7 pct in stock market return

Reuters - UK Focus

PARIS, June 11 (Reuters) - Shares in Europe's third-largest catering group, Elior, rose 1.7 percent on Wednesday in its stock market return after an eight-year absence, compared with the initial listing price of 14.75 euros.

The firm, which competes with France's Sodexo (Frankfurt: SJ7.F - news) and Britain's Compass, had priced its shares towards the bottom of its previously indicated range of 14.35 to 17.50 euros per share on Tuesday.

The company was first listed in 2000 and then de-listed in 2006 when Charterhouse Capital Partners bought it for 2.5 billion euros ($3.4 billion). ($1 = 0.7345 Euros) (Reporting by Dominique Vidalon; Editing by James Regan)