US private equity company offers £1.75bn for Q-Park

The European parking operator Q-Park looks set to be acquired by a US private equity investor in a deal worth €2bn (£1.75bn), according to business press reports. The Financial Times and Reuters both reported that buyout group KKR has won the bidding for the Netherlands-based car park operator.

Q-Park had been put up for sale by a group of shareholders consisting mainly of institutional investors, including pension funds and insurance companies, most of which are Dutch.

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