PAI leads the pack for Elior's concession catering brand Areas - sources
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LONDON/PARIS (Reuters) - European private equity fund PAI Partners has emerged as the frontrunner in the auction for the concession catering business of France's Elior Group, four sources familiar with the matter told Reuters. Paris-based PAI has made it to the final stages of the process to buy the business, known as Areas. The auction began towards the end of last year drawing interest from private equity funds and some industry players.Areas handles railway and motorway catering services in..