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Travel food firm SSP plans 500 million pounds cash call - FT

Reuters
A man wearing a protective mask walks past an Upper Crust at Victoria Station in London

(Reuters) - SSP Group, owner of the Upper Crust and Caffe Ritazza snack chains, is planning to raise up to 500 million pounds ($692.05 million) from shareholders to ride out the coronavirus-driven collapse in air travel, the Financial Times reported https://on.ft.com/3qb7l0x on Wednesday.

The British travel-food company is set to undertake a rights issue within weeks, the report said.

SSP raised 216 million pounds through a share issue in March last year.

(Reporting by Samantha Machado in Bengaluru; Editing by Aditya Soni)