15th Jun 2006 16:00
Compass Group PLC15 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 ofits travel concessions operations, Select Service Partner, including CreativeHost Services in the US (together, "SSP"). The agreement to sell SSP wasannounced on 9 April 2006. The transaction has been structured as a combinedsale of the UK motorway services business ("Moto") to a consortium led byMacquarie Bank and the remainder of the SSP business to the EQT IV fund. Enquiries: Compass Group PLC +44 (0) 1932 573000Investors/Analysts Andrew Martin/ Jason LeekMedia Charlotte Mulford Website:www.compass-group.com Notes to Editors: Compass Group is the world's largest foodservice company with annual revenue ofc. £11 billion. Compass Group has some 400,000 employees working in more than 90countries around the world. SSP is one of the market leaders in travel concession catering. It has marketleading positions in many of the 26 countries in which it operates and providescatering for roadside, railway and airport concessions, principally in the UK,Continental Europe and the US. SSP operates catering and retail concessions atover 600 sites and manages over 2,000 catering and retail units worldwide. Afterthe sale, Compass will retain a small part of the travel concession cateringbusiness, mainly in Japan and Portugal where the operations are very closelyintegrated with the rest of the Compass business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Compass Group