Spain’s National Commission for Markets and Competition (CNMC) has approved the acquisition of car park chain Empark Aparcamientos y Servicios by fund manager Macquarie. The company will take full control of Empark, valued at about €1bn (US $ 1.18 billion), with more than 535,000 parking spots in 6 countries.
Most of Empark’s operations take place in Spain and Portugal, but it also has “limited presence” in Andorra, France, Turkey and the United Kingdom, Macquarie explained.
“Empark is a quality concession business in growing economies that benefits from attractive returns linked to inflation and strong visibility into cash flows,” said Macquarie Global Director of Infrastructure and Assets Martin Stanley.
Full Content: Publico
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