Accor, Kering, Pernod Ricard, Synergie, Veolia... stocks to watch today in Paris
Published on 04/02/2026 at 08:00 am BST
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Accor has signed a memorandum of understanding with Blackstone to sell its 30.56% stake in Essendi (formerly AccorInvest) to a consortium formed by Blackstone and Colony IM. The transaction could reach 975 million euros, including 675 million euros paid upon completion and a contingent consideration of up to 300 million euros. The deal would involve a progressive conversion of the Essendi portfolio into hotels under franchise agreements, with maturities extended to 20 years, while retaining Accor brands. This move is part of the group's strategy to enhance the recurring and predictable nature of its model, in line with the EBITDA trajectory presented in 2023.
During the publication of its 2025 annual results on February 19, Accor announced plans to implement a 450 million euro share buyback program in 2026. In this context, the hotel group today announced the launch of a first tranche of this share buyback program for an amount of 225 million euros.
Antin
Antin Infrastructure Partners has announced the acquisition of Sapphire Gas Solutions, a vertically integrated provider of compressed natural gas (CNG) and liquefied natural gas (LNG) solutions, from funds managed by affiliates of Apollo. Based in Conroe, Texas, Sapphire owns and operates specialized infrastructure for the compression, liquefaction, transport, and storage of CNG and LNG for end-users. Operating across 30 US states, it serves over 120 customers. This acquisition represents the 8th investment by Antin's 10.2 billion euro Flagship Fund V, which supports the growth of established infrastructure companies in Europe and North America.
Aramis
Following its late 2024 investor day, Aramis Group is taking a decisive step in its continental expansion. Co-founders Nicolas Chartier and Guillaume Paoli have announced the creation of two strategic "clusters": France-Belgium and Spain-Italy. The objective is straightforward: to export operational excellence from the most mature markets (France and Spain) to entities undergoing transformation (Belgium and Italy). This reorganization is accompanied by an extension of responsibilities for two key group figures. Romain Boscher, current Managing Director of Aramisauto (France), will head the France-Belgium cluster. His mission will be to infuse French expertise in customer satisfaction into the Belgian brand Cardoen. Alejandro Garcia-Mella, Managing Director of Clicars (Spain), will lead the Spain-Italy cluster. Leveraging his experience in structuring supply chains, he will support the ramp-up of the Italian market.
Argan
In the first quarter of 2026, Argan recorded rental income of 54.4 million euros, up 3% compared to the same period of the previous financial year. First-quarter growth primarily stemmed from the full-year effect of 2025 deliveries, supplemented by rent reviews (+0.6%) as of January 1, 2026. On this basis, and taking into account the 2026 delivery schedule, the French real estate investment trust specializing in the development and leasing of logistics platforms confirms its target of a 4% increase in rental income for 2026 to at least 220 million euros.
Bilendi
In 2025, Bilendi recorded revenue of 91.5 million euros, representing strong growth of 42.2% compared to 2024. Group sales were notably driven by the momentum of its international activities, where revenue reached 75.7 million euros, up 52% compared to 2024, and by France, which recorded revenue of 15.8 million euros, up 8.7% compared to 2024. This growth was accompanied by a significant improvement in profitability. EBITDA reached a record level of 20 million euros, representing an EBITDA margin of 21.9% (+0.5 points vs. 2024).
Covivio/Thales
Covivio and real estate funds managed by Blue Owl Capital have announced the completion of their joint venture, which now holds the three Thales sites located in Velizy-Meudon, following the investment protocol signed last January. As of April 1, 2026, these three assets, which were previously held by Covivio (in partnership with Credit Agricole Assurances for the Helios 1 site), are now 51% owned by Covivio and 49% by real estate funds managed by Blue Owl Capital.
Delta Plus
For the full year 2025, Delta Plus's consolidated revenue stood at 389.6 million euros, limiting its decline to 2.6% compared to 2024, versus -4.9% the previous year. This figure includes a significant unfavorable exchange rate effect of 14 million euros (a -3.5% impact), primarily resulting from a purely accounting conversion effect linked to the depreciation of the dollar against the euro. Excluding these currency effects and changes in scope, the organic decline was contained at 2%. Net income (Group share) came in at 27.2 million euros, down 0.8 points (7% of revenue).
Edenred
UTA Edenred, an Edenred subsidiary specializing in mobility services in Europe, has partnered with EnBW, a German energy leader operating the largest fast-charging network in Germany. The objective of this partnership is to offer German fleet managers an all-in-one solution, combining access to EnBW's electric charging infrastructure and all value-added services offered by UTA Edenred via a centralized digital platform.
Hoffmann Green
Hoffmann Green Cement Technologies has announced the signing of an exclusive preliminary agreement with Bruil, a Dutch ready-mix concrete player, with a view to concluding a licensing agreement in the Netherlands. The agreement between the two partners is being realized through the first use of Hoffmann 0% clinker concrete on a wastewater treatment plant site in the Netherlands, in the suburbs of Amsterdam, specifically for the construction of platforms and vertical elements.
Kering
Kering has announced the completion, effective immediately, of an agreement with Al Mirqab Group regarding a building owned by the luxury group located at 8 via Monte Napoleone in Milan. Situated at the most strategic corner of the Quadrilatero della Moda, this 18th-century building is one of the most significant on via Monte Napoleone and occupies an iconic position in the heart of the city.
Pernod Ricard
Pernod Ricard has announced the completion of the sale of its Mumm sparkling wines (excluding champagne) in the United States, including the Mumm Sparkling California, Mumm Napa, and DVX brands, to Trinchero Family Wine and Spirits, in accordance with the agreement announced by both groups on December 16, 2025. Alongside this transaction, Pernod Ricard announced it has finalized the sale of the Californian wine Kenwood and all associated winemaking operations and brands to F. Korbel & Bros, a leading Californian producer of sparkling wines founded in 1882.
Synergie
The human resources services group Synergie reported a 19.2% decline in net income to 54.2 million euros for 2025, but EBITDA grew by 2.9% to 134.4 million euros, representing a margin of 4.1% of revenue. Synergie recorded annual revenue of 3,241 million euros (60.9% of which was international), up 1.8% (+1% at constant scope and exchange rates), reflecting the resilience of its activities in an uncertain economic and geopolitical environment.
TotalEnergies
TotalEnergies and Masdar are to create a 50/50 joint venture valued at 2.2 billion dollars. It will consolidate their onshore renewable activities across nine Asian countries to capture the strong growth in electricity demand in the region. The partnership combines capital and expertise to deploy large-scale projects. The future entity will become the sole vehicle for both groups to develop, build, own, and operate solar, onshore wind, and battery storage projects in Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea, and Uzbekistan.
Veolia
Veolia has announced the successful completion of a new two-tranche bond placement for a total of 1 billion euros, including 500 million euros at 5 years with a 3.69% coupon, and 500 million euros at 10 years with a 4.122% coupon. The transaction attracted over 400 orders for a total amount reaching 7.7 billion euros at its peak. Given the strong demand, the issuance was carried out with a zero new issue premium, despite recent volatility in the bond markets.





















