Q-PARK EUR 200M SHARE ISSUE

[BIZ: Maastricht, October 12]
The Maastricht-based, international parking giant, Q-Park has issued shares to the value of EUR 200m as a bridging credit for the sale of the Scandinavian parking company Carpark. This means an expansion to the original share package: the shares have been placed with the current shareholders [See web site].

Q-Park President Ward Vleugels says: ‘Our position in Europe has been strengthened by the takeover of Carpark, which is a Scandinavian market leader in Sweden, Norway, Finland and Denmark. This means that we have now moved from 285,000 parking places to 525,000. The Northern European market is seen as a stable market for growth. Parking rates are at the European level and expectations for this market are good. The culture in Northern Europe fits in with that of Q-Park. Quality aspects such as client friendliness and services are part of it. It’s a logical fit for our strategy for the future, and this share issue gives us the opportunity to develop our strategy and quality.’
http://www.q-park.com/