REG - SSP Group PLC - Acquisition of bakery outlets in Germany <Origin Href="QuoteRef">SSPG.L</Origin>

SSPAnnouncement

07/08/2015 07:00

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 Feinbckerei 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
+44 (0)203 714 5251
charles.king@ssp-intl.com
Business and Financial Media Enquiries:
Rob Greening / Lisa Kavanagh
Powerscourt
+44 (0)20 7250 1446
ssp@powerscourt-group.com
About SSP
SSP is a leading operator of food and beverage concessions in travel locations, operating restaurants, bars, cafs, 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, Caff 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 Caf in Geneva, Zurich and Paris, Caf Deco in Hong Kong and Shanghai, and the award winning Center Bar at Zurich.

www.foodtravelexperts.com

This information is provided by RNS
The company news service from the London Stock Exchange
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