A PYMNTS Company

Spain/Portugal: Macquarie acquires Empark multinational car park

By  |  August 21, 2017

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Publico

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.