Buyout group KKR has won the bidding for Dutch car park operator Q-Park, a deal worth about 2 billion euros ($2.2 billion), sources close to the matter said on Tuesday.
Bankers have prepared infrastructure style financing of 1.4 billion euros, including undrawn debt for the buyout of Q-Park, which operates 870,000 parking spaces in Europe, the sources said.
A group of shareholders consisting mainly of institutional investors, including pension funds and insurance companies, most of which are Dutch, had put the asset up for sale.
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