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(Reuters) -Upper Crust owner SSP Group said on Tuesday that it is planning an initialpublicoffering in India of airport lounge operator Travel Food Services, its venture with K Hospitality Corp.
s spin-off of its apparel business (as Sara Lee Branded Apparel Americas / Asia) in 2005 and the spin-offs of Abbott Laboratories’ hospital products division (as Hospira) and General Electric’s insurance businesses (as Genworth) in 2004. If the parent retains an interest in an IPO carve-out, this may be termed a “divestiture IPO.”.
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