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Press release

Development 27 April 2018

Edenred now holds almost all of ProwebCE’s capital

Edenred, the world leader in transactional solutions for companies, employees and merchants, has acquired an additional 27% in ProwebCE, the French leader in solutions for works councils, bringing its total stake to more than 98%.

After acquiring a minority interest in ProwebCE in 2012 through Edenred Capital Partners – Edenred’s venture capital structure, whose aim is to help finance innovative projects that have strong growth potential in areas close to the Group’s core businesses – Edenred became ProwebCE’s majority shareholder in March 2015 by increasing its stake to 62%. Following the transaction, ProwebCE was fully integrated into Edenred’s offering of Employee Benefits in France, which made it possible to establish strong commercial synergies, contributing to the sustained growth of this business. In April 2017, Edenred increased its stake in ProwebCE to 71% and is today announcing that it has further raised its interest to 98.5%. As was the case in April 2017, this acquisition will be accretive to net profit, Group share from the first year.

Solutions for works councils fully integrated into Edenred’s offering of Employee Benefits

ProwebCE offers a comprehensive range of solutions for works councils in France, including an e-commerce platform that enables employees to use the funds allocated to them by their works council to purchase culture and leisure-related goods and services, while also taking advantage of discounts on more than one million products and services offered by partner merchants. In July 2017, Edenred and ProwebCE entered into a partnership with the vente‑privee group, one of the world’s leading online retailers and event-sales pioneer, to provide the five million employee users of ProwebCE’s platform with access to exclusive offers.

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “We are very pleased with this transaction. It is the culmination of the success of our venture capital policy, which first enabled us to support the development of ProwebCE before going one step further and gradually increasing our stake in the company and successfully integrating its offering into our Employee Benefits portfolio of solutions. Thanks to its digital expertise, ProwebCE is now a driver of the Group’s innovation and growth.

Patrice Thiry, Chairman and Chief Executive Officer of ProwebCE, added: “We are extremely proud to be part of the Edenred Group, which shares the same human values as we do. With Edenred’s support, ProwebCE has been able to expand by taking advantage of the growth opportunities arising from the commercial synergies between Edenred’s traditional offering of Employee Benefits and the services provided by ProwebCE.



Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. 
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

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