Edenred (EDEN) won a Belgian contract to provide service vouchers in 2013, replacing Sodexo (SW), L’Echo reported, citing a decision from the country’s national employment office that isn’t yet public.
Sodexo is appealing the decision, the newspaper said. The vouchers, which can be used to pay for childcare and cleaning services, cost the employment office 1.4 billion euros ($1.7 billion) a year, according to L’Echo.
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