Vinci and Fortis Bank have signed a memorandum of understanding to merge their public parking businesses. The deal involves the parking lots managed by Vinci Park, a unit of Vinci Concessions, and Interparking, part of Fortis Real Estate. Both parties would hold a stake in the new company, with Vinci retaining a majority interest in the new entity, which will manage 1.3 million parking places worldwide across 16 countries.
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