Q-Park share issue raises 200 million Euros
By issuing new shares, the parking company Q-Park has redeemed the bridging loan used for the purchase of the Scandinavian parking company Carpark. The share issue represents a value of EUR 200 million.
This share issue has resulted in an increase of the existing block of shares. The shares are placed with the current shareholders.
This share issue has resulted in an increase of the existing block of shares. The shares are placed with the current shareholders.
'Scandinavia as a new growth market'
Our position in Europe has been strengthened further as a result of the takeover of Carpark, the Scandinavian market leader active in Sweden, Norway, Finland and Denmark. As a result of this takeover, we have increased our number of parking spaces from 285,000 to more than 525,000."The market in the Northern European countries is experiencing stable growth. The parking rates are at European levels and the expectations for this market are positive. In addition, the parking culture of the Northern European countries matches well with that of Q-Park. Quality aspects in our concept, such as customer-friendliness and service, can also be found there. A logical match therefore that fits within our strategy for the future. The share issue enables us to further develop our European strategy and to offer our quality concept in parking to our new customers in Northern Europe.
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