Acquisition of bakery outlets in Germany

RNS Number : 3805V

SSP Group PLC

07 August 2015

 

7 August 2015

SSP Group plc - Acquisition of bakery outlets in Germany

SSP Group plc (SSP or the Group) announces that it has agreed, subject to conditions, to acquire 32 outlets in Germany from Wiener Feinbäckerei Heberer GmbH (Heberer) for a cash consideration of approximately £5m. The outlets sell bakery products in travel locations in Germany, with 30 of them located in railway stations and two in airports.

The acquisition of these outlets will further strengthen SSP's presence in travel locations in Germany.  The value of the gross assets being acquired is approximately £5m, and the profit attributable to the assets in 2014 was approximately £1 million.

For further information contact:

Investor and Analyst Enquiries

Charles King

Director of Investor Relations

 [phone]

[e-mail]

Business and Financial Media Enquiries:

Rob Greening / Lisa Kavanagh

Powerscourt

[phone]

[e-mail]

About SSP 

SSP is a leading operator of food and beverage concessions in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. With a heritage stretching back over 50 years, today SSP has nearly 30,000 employees, serving approximately a million customers every day. As at 31 March 2015, it has business at circa 130 airports and circa 270 rail stations, and operates approximately 2,000 units in 29 countries around the world.
 
SSP operates an extensive portfolio of approximately 300 international, national, and local brands. These include Upper Crust, Starbucks, Caffè Ritazza, Burger King, M&S Simply Food, Caviar House & Prunier, Millie's Cookies, and YO! Sushi, as well as stunning bespoke concepts such as the Montreux Jazz Café in Geneva, Zurich and Paris, Café Deco in Hong Kong and Shanghai, and the award winning Center Bar at Zurich.
 
www.foodtravelexperts.com

 

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