French hotel group Accor SA (AC.FR) Thursday said it has entered exclusive talks with catering company Sodexo SA (SW.FR) about the sale of its upmarket caterer Lenotre at an enterprise value of EUR75 million.

The sale will require approval from antitrust authorities, Accor said. There will also be a consultation process with workers.

Accor announced its intention to sell Lenotre in April.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1758; inti.landauro@dowjones.com

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