The group now has five parking lots in Romania, four in Bucharest and one in Timisoara, which can accommodate more than 2,500 cars. The parking lots in Bucharest include the one under Piata Universitatii and the one under the National Theater.
“ (…) the plans (of Interparking i.e.) to develop its local business will not stop here (…),” said Dana Radulescu, partner of law firm MPR Partners – Maravela, Popescu & Asociatii.
MPR Partners – Maravela, Popescu & Asociatii assisted the buyer in the deal.
Interparking, which was established in Belgium more than 60 years ago, operates in nine countries and 400 cities, owning 956 parking lots with more than 418,000 parking spots in Europe.
The group operates in Romania via a number of companies such as Alpha Parking and Square Parking, which posted some 11 million lei revenue together in 2019, a significant increase compared with 2018.
(English version by Loredana Fratila-Cristescu)