CriteriaCaixa instructs Garrigues on the sale of Saba

Garrigues´ Barcelona office advised CriteriaCaixa on the sale of its parking business Saba.

The sale will be valued at around €1.2 billion.

It is understood that non-binding offers will be presented later this year.

Market sources suggest First State, PSP and Arcus could be potential buyers.

A sale is expected to be confirmed in early 2020.

Juan fernandez