SSP feeds fast on £216m equity raise to offset pandemic panic

By Sam Kerr
25 Mar 2020

Banks took advantage of a huge rally in UK equities on Tuesday to launch a placing in SSP, a UK food outlet operator, in order to give it the cash required to strengthen its balance sheet, working capital and liquidity position because of disruption caused by Covid-19.

The company operates a large portfolio of brands at airports and train stations, including Upper Crust, Yo Sushi and Burger King.

The capital raise included a £215m placing where the company placed new shares in the market and mangers subscribing to new shares which bought the total amount raised ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial