Conduent is to sell its off-street parking systems business as it focusses on core business. The US business services company has entered into a binding agreement to sell the Conduent Multipark system in France and the UK, as well as its US airport parking business to Andera Partners, a French investment firm. These businesses generate around $43m (£32m) in revenue a year.
The sale is part of Conduent’s plan to divest up to $500m in revenue in 2018 associated with non-core assets...
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