Interpolis and Rabobank Pensioensfonds acquire stake in Q-Park

 

1 October 2004

 

Netherlands-based European car park operator The Q-Park Group has been joined by two new major shareholders - N.V. Interpolis BTL (life insurances) and Rabobank Pensioenfonds. Each will invest approximately 20 million euros in the company.

 

The two companies became shareholders at the end of September 2004, with Q-Park issuing new shares at the same time. Existing shareholders Reaal Levensverzekeringen, Delta Lloyd and RUPA participated in the issue.

 

BRAND CONFIDENCE

Both companies believe that parking will continue to be profitable, making investment in the parking industry an interesting prospect. Their decision to invest in Q-Park was due to the Group’s impressive financial performance and its strength as an industry brand. An added attraction was its excellent fit with Rabobank Group’s real estate portfolio.

 

Q-Park’s existing shareholders are: Stichting Pensioenfonds ABP; ING Real Estate; RUPA; REAAL Levensverzekeringen; TKP Investments; Delta Lloyd; ING BHF-BANK; ENTERO; Stichting Pensioenfonds Wonen; Stichting Bedrijfspensioenfonds voor het Levensmiddelenbedrijf; Stichting Bedrijfstakpensioenfonds voor de detailhandel; and Stichting Bedrijfspensioenfonds voor de landbouw.

 

FINANCING GROWTH IN EUROPE

Following a period of steady expansion in the European market, the Q-Park Group will continue to pursue its strategy of growth in the years ahead. Q-Park has parking facilities in Belgium, France, Germany, Ireland, the Netherlands and the UK. The company is aiming to continue expanding in these countries, with the new shareholders fitting well with the company’s growth plans.

 

CUSTOMER-FRIENDLY PARKING

The Q-Park Group’s parking facilities are designed to provide customers with superior levels of high quality service, emphasising speed, convenience, safety and hospitality. The company runs car parks in city centres, at airports, at train stations and at Healthcare sites.

 

The Q-Park Group is one of the top five companies in the European parking sector and has 1,600 employees. Q-Park owns, operates and manages car parks and undertakes a combination of these activities. The company has over 180,000 parking spaces across Europe.

 

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For further information on Q-Park or photography, please contact Marketing on 0870 442 0104 or email

marketing@q-park.co.uk