In accordance with the agreement signed on June 13, 2016 with Ardian Infrastructure and Crédit Agricole Assurances, VINCI Concessions announces the effective sale of its outstanding stake of 24.6% in Infra Foch Topco which owns 100% of Infra Park.
Following this transaction, Ardian Infrastructure and Crédit Agricole Assurances will each hold 49.2% of Infra Foch Topco, the remainder being held by the employees and management of the Group.
The Infra Park Group will continue the strategy implemented since June 2014 and confirms its willingness to maintain its investment grade rating, which has been confirmed BBB/Stable by Standard & Poor's on August 5th, 2016.
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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 now indirectly held at almost 49.2% by investment funds managed by Ardian, almost 49.2% by Crédit Agricole Assurances, and the remainder by the employees and management of the Group.
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