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APG Asset Management adjusts stake in SSP Group

Published 2024-12-04, 08:04 a/m

LONDON - APG Asset Management N.V., based in Amsterdam, has altered its shareholding in SSP Group PLC, a UK-based food service company. The transaction resulted in a change in APG's total voting rights in the company, crossing a notable threshold on December 3, 2024.

The Dutch asset manager's latest move has decreased its stake in SSP Group, which is known for operating food and beverage outlets in travel locations worldwide. As of the date the threshold was crossed, APG Asset Management held 7.8223% of the voting rights, a shift from its previous holding of 8.913363%. This change equates to APG now owning a total of 62,460,955 voting rights in SSP Group.

The notification, which was completed on December 4, 2024, in Amsterdam, did not disclose any additional information regarding the purpose behind the transaction or future intentions concerning SSP Group holdings. The adjustment in shareholding was publicly announced in accordance with regulatory requirements, which mandate disclosure when certain percentages of voting rights are acquired or disposed of.

SSP Group, listed on the London Stock Exchange (LON:LSEG) with the ticker LSE:SSPG, operates brands across 35 countries, including at airports, train stations, and motorway service areas. The company has been a subject of investment interest due to its extensive portfolio and presence in the travel industry.

This transaction may be of interest to investors monitoring the food service industry or those who follow the investment patterns of major asset managers like APG. It is a reflection of the dynamic nature of shareholding within publicly traded companies and the strategic decisions made by institutional investors.

The information for this report is based on a press release statement and is intended to provide shareholders and the public with essential details regarding significant changes in share ownership. It is not an endorsement or a reflection of the performance of SSP Group PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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