June 30 SSP Group Ltd, owner of
Upper Crust and Caffe Ritazza, is expected to price its initial
public offering at the lower end of market expectations, British
newspaper The Telegraph reported on Monday.
SSP's shares were being marketed by bankers between 200
pence and 240 pence, giving it a market capitalisation of about
1.4 billion pounds ($2.4 billion) to 1.6 pounds, the paper said
without citing sources.bit.ly/1jDGzEN
Earlier this month Reuters had reported that the food and
drink company headed by retail veteran Kate Swann could have a
stock market valuation of between 1.6 billion pounds and 2
billion pounds including debt.
SSP could not be reached for comment out of business hours.
($1 = 0.5877 British Pounds)
(Reporting by Esha Vaish in Bangalore; editing by Andrew Hay)