Investor In Catering Firm Compass Looking To Sell Eight Million Shares Of The Group

An institutional investor in Compass Group is looking to sell approximately eight million shares of the British catering company in a price range of £12.90 per share to market, a bookrunner for the sale has said.

Final Price Yet To Be Disclosed

While the books are covered, the final price of the offering is yet to be disclosed.

Implied Value

At an estimated price of £12.90 per share, the sale has an implied value of approximately £100 million.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.