Member Article

SSP expects £500 million from flotation

Branded food retailing group SSP says it hopes to raise £500 million from its flotation on the London Stock Exchange (LSE).

The travel outlet operator, which owns brands like Caffé Ritazza and Upper Crust, has formally announced its intention to list on the main market for listed securities of the LSE.

The firm also announced a simultaneous £510 million refinancing exercise.

SSP CEO and former WH Smith chief executive Kate Swann,, said: “SSP is a leader in the fast growing international travel food and beverage market and is focused on the more rapidly growing sectors of air and rail.

“The business is geographically diversified with good representation in the UK, Europe, North America, the Middle East and Asia Pacific.

“The Group has built strong relationships with its clients and brand partners, and has established a reputation as an expert in its field.

“An IPO is the appropriate next step for a business of SSP’s calibre, size and international scale and we believe that we are well-placed for life as a listed company.”

This was posted in Bdaily's Members' News section by Tom Keighley .