Compass Group PLC
15 June 2006
15 June 2006
Compass Group PLC completes sale of travel concession catering operations
Compass Group PLC ('Compass') announces that it has today completed the sale of
its travel concessions operations, Select Service Partner, including Creative
Host Services in the US (together, 'SSP'). The agreement to sell SSP was
announced on 9 April 2006. The transaction has been structured as a combined
sale of the UK motorway services business ('Moto') to a consortium led by
Macquarie Bank and the remainder of the SSP business to the EQT IV fund.
Enquiries:
Compass Group PLC +44 (0) 1932 573000
Investors/Analysts Andrew Martin/ Jason Leek
Media Charlotte Mulford
Website:
www.compass-group.com
Notes to Editors:
Compass Group is the world's largest foodservice company with annual revenue of
c. £11 billion. Compass Group has some 400,000 employees working in more than 90
countries around the world.
SSP is one of the market leaders in travel concession catering. It has market
leading positions in many of the 26 countries in which it operates and provides
catering for roadside, railway and airport concessions, principally in the UK,
Continental Europe and the US. SSP operates catering and retail concessions at
over 600 sites and manages over 2,000 catering and retail units worldwide. After
the sale, Compass will retain a small part of the travel concession catering
business, mainly in Japan and Portugal where the operations are very closely
integrated with the rest of the Compass business.
This information is provided by RNS
The company news service from the London Stock Exchange
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