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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Journey Grp | LSE:JNY | London | Ordinary Share | GB00B909HR51 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 241.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMJNY
RNS Number : 5294W
Journey Group PLC
30 July 2009
Journey Group Plc
Joint venture discussions
Air Fayre Ltd, the Group's wholly owned subsidiary which provides in-flight
catering to the airline industry, and Alpha Flight UK Ltd, part of Autogrill
S.p.A., one of the world's largest providers of food & beverage and retail
services for travellers, have announced today that they have entered into a
Letter of Intent providing for exclusive discussions for the purpose of creating
a joint venture of their flight catering operations at London Heathrow.
Management of both companies estimate that the turnover of the potential
combined business is approximately GBP70 million per annum.
For further information please contact:
+---------------------------------------------+----------------------------+
| Journey Group plc | Tel: +44 (0) 20 8606 |
| | 2000 |
+---------------------------------------------+----------------------------+
| Stephen Yapp, Chairman | |
+---------------------------------------------+----------------------------+
| Carl Fry, Interim Chief Financial Officer | |
+---------------------------------------------+----------------------------+
| | |
+---------------------------------------------+----------------------------+
| KBC Peel Hunt Ltd (Nominated Adviser & | Tel: +44 (0) 20 7418 |
| Broker) | 8900 |
+---------------------------------------------+----------------------------+
| David Anderson | |
+---------------------------------------------+----------------------------+
| Daniel Harris | |
+---------------------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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