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Press room
News
22/09/2016
Saba closes a deal with Merlin Properties for the sale of its total logistics assets
  • This transaction comprises Cim Vallès facilities and Lisboa Norte, as well as logistics park stakes in PLZF, Sevisur (ZAL) and Arasur 

The operation is part of Saba's strategic plan of restructuring its portfolio of assets, which has enabled us to create value and thus grow with greater capacity within the car park sector, with significant operations such as Adif, CPE or Bamsa. In this regard, since 2011 Saba has increased its number of car parks in more than 80% to 371, and parking spaces by 43%, to 194,000, with an accumulated investment in expansion of 482 million Euros.

With this transaction, a stage initiated in 2012 is closed, in which Saba carried out four successive disinvestment operations, maximizing the value of this business line. The company maintains growth in the car park sector as its main strategic challenge and will continue, therefore, to insist on identifying opportunities for organic and inorganic growth, always from a selective perspective and only in stable and solvent countries. It will also keep enhancing the geographical diversification.

The transaction, which already has the authorization of Competition, is subject to compliance with administrative procedures and is expected to be formalized in the coming weeks.