Linklaters Facilitates Integration of Saba into Interparking to Boost Pan-European Urban Mobility
AG Real Estate, AG Insurance, Interparking, and APG have joined forces with CriteriaCaixa to integrate Saba, a leading public car park operator, into Interparking. This move will significantly enhance Interparking Group’s position as a major player in urb
Urban MobilityElectric Vehicle ChargingCrossborder TransactionsLegal AdviceSaba IntegrationReal EstateOct 18, 2024
Post-integration, the Interparking Group will oversee an extensive network of over 2,000 car parks, boasting nearly 800,000 parking spaces and almost 8,000 electric charging points across 16 European countries. Despite the merger, Interparking and Saba will maintain their local commercial brands, ensuring a smooth transition and continued operational excellence.
Linklaters provided comprehensive legal advice across various domains, including Real Estate Law, Corporate Law, Competition Law, Employment Law, and Tax Law. This underscores the firm’s capability to manage complex, cross-border transactions. The core team was led by Yves Moreau and Viktor Pokorny, and included key members such as Matthieu Possoz, Liliane Gam, Valentine Cordier, Jihane Mirode, Kélian Rask, and Laura Vervier. The team also benefited from the expertise of colleagues from other offices, including Alejandro Meca, José María Lopez, and Carlos Olmedo from Spain, Elisa Volante from Italy, and Yuxin Weirich from Germany.
This integration represents a significant step forward in the Interparking Group’s commitment to sustainable urban mobility. By incorporating Saba’s robust infrastructure and operational expertise, the group is well-positioned to lead the way in providing innovative and eco-friendly solutions for urban transportation needs.
For more updates and insights, subscribe to our newsletter and stay informed about the latest developments in the legal and business world.
Frequently Asked Questions
What is the main goal of integrating Saba into Interparking?
The main goal of integrating Saba into Interparking is to enhance Interparking Group’s position as a major pan-European player in urban mobility, with a strong focus on sustainable solutions and the expansion of electric vehicle charging infrastructure.
How many parking spaces and electric charging points will Interparking manage post-integration?
Post-integration, Interparking Group will manage over 2,000 car parks, with nearly 800,000 parking spaces and almost 8,000 electric charging points across 16 European countries.
Which law firm provided legal advice for the integration?
Linklaters, a leading international law firm, provided the legal advice for the integration of Saba into Interparking.
Who are the key members of the Linklaters team that led the legal advice?
The core team was led by Yves Moreau and Viktor Pokorny, and included key members such as Matthieu Possoz, Liliane Gam, Valentine Cordier, Jihane Mirode, Kélian Rask, and Laura Vervier.
Will Interparking and Saba continue to operate under their local commercial brands?
Yes, despite the integration, Interparking and Saba will continue to operate under their local commercial brands, ensuring a smooth transition and continued operational excellence.
Related News Articles
Kalpataru Limited Expands its Footprint in Maharashtra with a New Project in Nagpur
Kalpataru, a prominent real estate developer in the Mumbai Metropolitan Region, is set to enter the 'Zero Mile City of India' – Nagpur, with a new project located close to the Samruddhi Expressway.
IKEA Store in Noida: Uttar Pradesh CM Yogi Adityanath Lays Foundation for ₹5,500-crore Project
Uttar Pradesh Chief Minister Yogi Adityanath lays foundation stone for IKEA store in Noida, a ₹5,500-crore project set to boost commercial real estate and industrial development in the state.
COWRKS Expands its Premium Workspace Portfolio with New Centres in Mumbai and Bengaluru
COWRKS, a leading provider of premium workspaces, has announced its expansion with the opening of new centres in Mumbai and Bengaluru, adding 1.4 lakh sq ft to its total presence across India.
GujRERA Orders Developers to Open Project Bank Accounts in Gujarat
The Gujarat Real Estate Regulatory Authority (GujRERA) has directed all real estate developers in the state to open separate project bank accounts in Gujarat.
Mumbai's Elite Seek Luxury in Rs 187 Crore Apartment at Lodha Sea View
A luxury apartment at Lodha Sea View in Mumbai's Worli has been sold for a record-breaking Rs 187 crore. The property's prime location and ongoing infrastructure projects, such as the Mumbai Coastal Road and Metro Line-3, are driving its desirability.
Keystone Realtors Sees 45% Drop in Net Profit Amid Higher Expenses in Q1 FY25
Realty firm Keystone Realtors reports 45% decline in net profit at Rs 25.82 crore for June quarter FY25, citing higher expenses. Total income rises to Rs 437.20 crore during April-June period.