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Sodexo (EPA:EXHO) is prepared to sell 20 to 30% of the unit, which could be valued at as much as 4 billion euros ($4.3 billion) to CVC, the report said.
Shares rose around 4% after the report to reach over 75.2 euros each, while the French blue-chip index traded down 1.3% They were up 1.8% at 1340 GMT.
The group had said in its half-year report earlier this month it had already sold the Russian branch of the unit, which had posted organic sales up 9.3% for the period at 398 million euros ($427 million).
Sodexo declined to comment while CVC could not immediately be reached for comment.
($1 = 0.9326 euros)
