Ardian, the independent private investment company, and Crédit Agricole Assurances, shareholders of Infra Foch Topco, who owns 100% of Infra Park, announced June 13, 2016 that they had reached an agreement with VINCI Concessions to acquire its remaining outstanding stake of 24.6% in Infra Foch Topco.
Following this transaction, subject to anti-trust approval and expected to close in the third quarter of 2016, Ardian Infrastructure and Crédit Agricole Assurances should each hold approximately 49.2% of Infra Foch Topco, the remainder being held by the employees and management of the group.
Infra Park will continue the strategy implemented since June 2014 and confirms its willingness to maintain its investment grade rating.
Contact analysts / investors: Edouard Risso Tel.: +33 1 49 03 14 60 edouard.risso@infraparkgroup.com |
Press contact: Cathy Vigier Tel.: +33 1 49 03 12 79 cathy.vigier@infraparkgroup.com |
About Infra Park
Infra Park (previously named Infra Foch) holds about 100% of Indigo Infra (previously named VINCI Park). Indigo Infra is a key global player in car parking and urban mobility, which manages more than 2.0 million parking spaces in 16 different countries. In 2015, Infra Park revenues and its ebitda amounted to 795 million euros and 281 million euros respectively (Global Proportionate figures, pre ifrs 11).
Infra Park is indirectly held at almost 37% by investment funds managed by ARDIAN, almost 37% by Crédit Agricole Assurances, almost 25% by VINCI Concessions (VINCI group), and the remainder by the employees and management of the group.