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SSP Group plc ( (GB:SSPG) ) has shared an update.
SSP Group plc, in collaboration with K Hospitality Corp, announced the planned initial public offering (IPO) of Travel Food Services Limited (TFS) in India. TFS, a prominent player in India’s airport quick service restaurant and lounge sectors, is pursuing the IPO to support its growth strategy and showcase its business value. SSP aims to increase its stake in TFS to 50.01% post-IPO, reinforcing its strategic presence in India’s fast-growing travel market. This move aligns with SSP’s focus on high-growth regions by capitalizing on India’s expanding aviation sector. The IPO will also facilitate SSP’s consolidation of TFS in its financial results, enhancing the partnership’s potential to deliver growth and returns.
More about SSP Group plc
SSP Group plc is a leading global operator of food and beverage outlets in travel locations, functioning in over 3,000 units across 37 countries. It specializes in providing diverse food and drink options in airports, train stations, and travel hubs, with a mix of international, national, and local brands. Its focus is on delivering exceptional taste, value, quality, and service, while emphasizing sustainability in the food travel sector.
YTD Price Performance: -18.84%
Average Trading Volume: 1,514,174
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.49B
See more data about SSPG stock on TipRanks’ Stock Analysis page.
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