Vinci sells remaining stake in Indigo
Pursuant to the agreement signed on 13 June 2016 with Ardian, the independent private investment company, and Crédit Agricole Assurances, VINCI has announced the disposal of its remaining 24.6% stake in parking operator Indigo, previously called VINCI Park.
Following this transaction, the company will be 49.2% owned by Ardian Infrastructure and 49.2% by Crédit Agricole Assurances. The remainder is owned by Group employees and management.
Ardian Infrastructure and Crédit Agricole Assurances first acquired a 75% stake in Indigo in 2014. Since then Indigo has achieved impressive growth through consolidating its market position in Europe and continuing its development at an international level through three platforms which are North America, South America and Asia, with notably the expansion in Colombia and Panama in collaboration with fellow parking operator City Parking in 2016.
Over the coming years, Indigo will focus on strengthening its market position in Europe as well as continuing its international development, notably in South America and Asia. The company is also supporting innovation in order to improve the customer experience through mobile booking and payment amongst other services.
Mathias Burghardt, Member of the Executive Committee, and Head of Ardian Infrastructure said:
“We are delighted to have this opportunity to increase our stake in Indigo, the world’s leading parking company. The strategic vision and the strength of the management team, combined with their commitment to innovation, will allow Indigo to grow further in the coming years. We thank our partner Vinci for their trust and contribution to a seamless transition.”
Jean-Jacques Duchamp, Deputy Managing Director of Crédit Agricole Assurances, stated:
"I am delighted that we have the opportunity of increasing our stake in the share capital of Indigo. This operation is fully consistent with Crédit Agricole Assurances’ strategy of investing in companies that lead their respective markets, have a robust financial profile and operate in resilient underlying sectors.”
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