CPPIB sells 39-per-cent Interparking stake to Dutch fund

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CPPIB sells 39-per-cent Interparking stake to Dutch fund GlobeBusiness

Reuters reported last month that CPPIB had hired U.S. investment bank Citi to explore the sale of its stake.CPPIB bought the minority stake for 376 million euros in 2014 from Belgium-based AG Real Estate, which still holds 51 per cent.The Interparking Group has more than 800 car parks in nine countries, with leading market shares in Belgium, The Netherlands and Germany.

Its turnover in 2018 was 463.5 million euros and earnings before interest, taxes, depreciation and amortization touched 148.7 million euros. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

 

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