Infra Park launches a strategic review (AcT)

Further to Infra Park's acquisition of Indigo (previously named VINCI Park), the Group has demonstrated continuous and sustainable growth, namely due to several contract wins in Europe and in the Americas, in addition to successful recent acquisitions in Canada, the United States and Colombia.

The Group is the world leader in the car park sector and individual mobility solutions with a portfolio of infrastructure assets (ownership, concessions and long-term leases), managing more than 2.1 million parking spaces in 17 countries.

In the first half of 2016, the Group generated consolidated revenues of €416.9 million, a 9.0% increase over the same period in 2015 (Global Proportionate figures), as a result of the strong contribution from each of its geographical platforms, with a similar performance expected for the full year. 

Given this sustained performance, the Group's shareholders have initiated a strategic review to support the next development phase of the company.

The Group will pursue its strategy, successfully deployed, and confirms its objective of maintaining its investment grade rating.

About Infra Park

Infra Park (previously named Infra Foch), holding about 100% of Indigo (previously named VINCI Park), is a key global player in car parking and urban mobility, which manages more than 2.1 million parking spaces in 17 different countries. In 2015, Infra Park revenues and EBITDA amounted to 795 million euros and 281 million euros respectively (Global Proportionate figures, pre IFRS 11).

Infra Park is indirectly held at 49.2% by investment funds managed by Ardian, 49.2% by Crédit Agricole Assurances, and the remainder by the employees and management of the Group.

Source : Actusnews