Final bidders for Vinci's $2.7 bln parking unit may include CPPIB, Teachers - Reuters
Final bids for French construction and concessions firm Vinci's parking concession business are due by early February, in a deal expected to fetch around 2 billion euros ($2.7 billion), three people close to the deal told Reuters. Potential buyers who are expected to submit bids include private equity firms KKR, Charterhouse and Ardian, infrastructure fund Antin and Canadian pension funds Ontario Teachers Pension Plan and the Canadian Pension Plan Investment Board (CPPIB), the sources said. Vinci Park operates 2,600 parking-lot assets in 14 countries and posted 615 million euros in revenue in 2012. Analysts say the unit is profitable but exposed to the mature, slow-growing French market.
24 January 2014•1 min read
