Australian investment bank Macquarie is selling UK parking operator National Car Parks (NCP) to a Japanese consortium. Macquarie European Infrastructure Fund II (MEIF2) is to sell its 100% interest in NCP to a consortium comprising Park24, a listed Japanese strategic buyer and Development Bank of Japan (DBJ), a government-owned financial institution.
The value of the deal has not been disclosed. MEIF2, which acquired NCP in 2007, said it is divesting itself of the parking company because...
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