UK. BlackRock Investment Management (UK) Limited has increased its share in SSP Group to 8.63% of voting rights.
The US global investment management corporation previously held a 4.83% share in the food & beverage company, but passed the 5% threshold that requires the acquisition to be reported under UK law.
The transaction was completed on Friday (19 May).
[UPDATE: SSP announced on 30 May that voting rights attached to shares holding for BlackRock Investment Management (UK) Limited had gone below 5%. Its percentage of voting rights dropped to 8.62%. Total holding for BlackRock remained above 5%.]
Autogrill’s announcement on 11 April that it had embarked on a corporate reorganisation has sparked speculation that a major merger or acquisition could be brewing in the food & beverage concession business.
BlackRock also has a 3.06% shareholding in Dufry, which has seen China’s HNA Group and luxury goods house Richemont acquire significant stakes in recent weeks.
NOTE: The Moodie Davitt Report also publishes The Foodie Report, the world’s only media focused on airport (and other travel-related) food & beverage. The Foodie Report e-Newsletter is published every two weeks and The Foodie Report e-Zine every month.
Please send all news of food & beverage outlet openings, together with images, menus, video etc to Martin@MoodieDavittReport.com to ensure unrivalled global exposure.
The company also organises the annual Airport Food & Beverage (FAB) Conference & Awards.
FAB 2017 , hosted by Greater Toronto Airports Authority, will take place in Toronto on 21-23 June. For details, click here.
