SSP Group's Planned Indian JV IPO Validates Strategy -- Market Talk

Dow Jones

2024/12/11

1338 GMT - Upper Crust owner SSP Group's planned IPO of its Indian joint venture Travel Food Services provides a platform to boost growth in the region without any hit to its cash flow, Panmure Liberum analyst Anna Barnfather writes. TFS is in a net cash position and should remain self-funding, she says. The IPO validates SSP's joint-venture strategy and provides valuation clarity and a positive read across for the wider group, Barnfather says. Sharers are up 3% at 192.40 pence. (ian.walker@wsj.com)

(END) Dow Jones Newswires

December 11, 2024 08:38 ET (13:38 GMT)

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TFS is in a net cash position and should remain self-funding, she says. The IPO validates SSP's joint-venture strategy and provides valuation clarity and a positive read across for the wider group, Barnfather says. Sharers are up 3% at 192.40 pence. 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Sharers are up 3% at 192.40 pence. (ian.walker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 08:38 ET (13:38 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}