BBVA advises SABA in its largest parking lot concession transactionFebruary 5, 2014
BBVA Corporate & Investment Banking has acted as the financial advisor to SABA Infraestructuras in the concession for the operation and maintenance of 41 ADIF parking lots – 22,000 parking places – for 10 years, in a transaction of 141 million euros.
This transaction is the largest ever carried out by the leading operator in the management of parking lots in Europe since its spin-off from Abertis in 2011, and increases its portfolio to 182,000 parking places. Furthermore, it is the most important deal in the parking lot sector in Europe in the last two years.
The Spanish entity has accompanied SABA during the entire process, which started in July 2013, and advised the concession company in the coordination phases of the due diligence, valuation and financing structuring process.