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French parking lot operator Indigo buys Spanish rival Parkia
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: 1 min
MADRID, July 31 (Reuters) - French car parking lot operator Indigo has agreed to buy Spanish rival, Parkia, for between 600 million euros ($660.96 million) and 650 million euros, a company spokesperson said on Monday. Spanish newspaper Expansion earlier on Monday reported Indigo would pay 700 million euros. Parkia, which operates about 70 parking lots in Spain and Andorra, is currently owned by Australian-based fund Igneos Infrastructure. Indigo, one of the world's largest parking lot operators, is 49.04% owned by French bank Credit Agricole (CAGR.PA). ($1 = 0.9078 euros)Reporting by Inti Landauro; editing by Louise Heavens, Jason Neely and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: Indigo, Igneos, Inti Landauro, Louise Heavens, Jason Neely, Sharon Singleton Organizations: Igneos, Credit, Investment, Vauban Infrastructure, Infrastructure, Thomson Locations: MADRID, Spain, Andorra, Australian
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