Transport Infrastructure
Interparking acquires Spanish parking operator Saba with EU approval
In a Monday statement, the European Commission announced that it had approved Interparking of Belgium's acquisition of Spanish parking operator Saba Infrastructuras. The Commission stated that this transaction will not cause any competition concerns as it has a limited impact on the market where these companies operate. The companies, which have been in discussions to combine their businesses to become a major European actor since November 2022, announced plans to merge last October without disclosing the value of the transaction. The statement said that the Belgian insurer AG property subsidiary would remain as the majority and controlling shareholder of the...