AG Insurance and AG Real Estate have introduced three new co-shareholders into Interparking, enhancing their investment strategy while maintaining control and fostering growth in the European parking sector.

Information on the Target

AG Insurance and its real estate subsidiary, AG Real Estate, have announced the addition of three new co-shareholders—Northleaf, Hedera, and TINC/Infravest—in Interparking, a prominent player in the European parking sector. This strategic development arises from the syndication of a minority portion of AG's stake in Interparking, resulting in the establishment of a new entity, AG Real Estate Car Park SA, which consolidates AG’s historical ownership in Interparking.

With this new structure, AG Real Estate Car Park retains majority ownership of Interparking, while also having new minority stakeholders. The overall aim is to maintain AG’s control over the entity and ensure that Interparking remains positioned for stability and growth in its nearly 70-year history. The recent acquisition of Saba has further solidified Interparking's status as a leading public parking operator across 16 European countries, managing over 2,000 car parks and nearly 800,000 parking spaces.

Industry Overview in Belgium

The parking industry in Belgium, and Europe more broadly, is undergoing transformative changes as urban mobility needs evolve. Increased congestion in major cities, the rise of environmental concerns, and advancements in technology ne