0910 GMT - Upper Crust owner SSP Group's planned IPO of its Indian joint venture Travel Food Services is expected to command an attractive rating, Shore Capital analysts Greg Johnson and Clive Black write. They note the premium valuations of comparable listed foodservice stocks in India and calculate the company could be worth 750 million to 1.5 billion pounds when it floats. The IPO will add continuing value for SSP shareholders, they say. SSP currently owns 49% in TFS and plans to increase this to 50.01% ahead of the IPO. SSP shares are up 4.4% at 195.0 pence. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
December 11, 2024 04:10 ET (09:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.