27th May 2015 08:58
LONDON (Alliance News) - Swedish private equity fund EQT IV Ltd on Wednesday confirmed it has sold just under 95 million shares in FTSE 250-listed airport and train station concessions operator SSP Group PLC, a 20% stake, to raise GBP275 million.
The sale of the shares at 290 pence per share means EQT no longer holds any stake in SSP.
SSP shares were down 1.5% to 296.00 pence on Wednesday.
The sale, announced late on Tuesday, was run by Goldman Sachs International and Morgan Stanley & Co International PLC via an accelerated bookbuild.
SSP, whose outlets include in-house brands such as Whistlestop, as well as franchised brands such as Marks & Spencer and Starbucks, floated on the London Stock Exchange in July 2014, when it raised GBP467 million and selling shareholders raised GBP15 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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