Interparking to merge with Saba Infraestructuras in a €1.3bn deal.

Interparking, an operator of a network of car parks, agreed to merge with Saba Infraestructuras, an international car park operator, in a €1.3bn deal. In the newly combined entity, AG will remain the majority and controlling shareholder, alongside APG and CriteriaCaixa. As part of the transaction, AG and APG have agreed to invest additional capital in the combined entity to support future growth. "By this operation, Interparking and Saba will be joining forces to propose to their upstream and downstream clients a strong and high- quality European car park platform with a long-term vision that is fully fit to handle with success the mobility, intermodality and environmental challenges of the future," Roland Cracco, Interparking CEO.