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·  May 23th, 2006 , Barcelona

saba consolidates its presence in Italy with the acquisition of the Gruppo Borini’s car park subsidiary

The operation involves an investment of 11 million euros.

saba consolidates its presence on the Italian market by buying 100% of the company Italparcheggi from the Gruppo Borini.

The company Italparcheggi holds the concession for more than 2,700 places, spread over several locations. Three major car parks are currently in operation in the town of Cosenza (Calabria), with a total of 1,942 places. Alongside these, in the same town, the company manages an official above-ground parking area for more than 500 vehicles. It also has a further car park in Sanremo (Liguria) with 228 places.

This operation, carried out through the saba subsidiary Saba Italia S.p.A., involved an investment of 11 million euros. With this acquisition, the company now manages a total of 40 parking sites and 18,128 places in Italy.

The Gruppo Borini, of which the company Italparcheggi was part, specialises in building for the public and private sectors, restoring old buildings, building and managing car parks and property redevelopment projects.

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