La Défense, 30th October 2024
INDIGO Infra signs an agreement to acquire all the shares and shareholders' loans in Smovengo as well as the acquisition of the business assets for supplying Smovengo with the solutions and equipment necessary for the "Vélib'" self-service bikes
INDIGO Infra, a subsidiary of INDIGO Group, world expert in parking solutions and urban mobility, which holds 40% of Smovengo's share capital, has reached an agreement today for the acquisition of all the shares and shareholders' loans in Smovengo as well as the acquisition for supplying Smovengo with the solutions and equipment necessary to the "Vélib'" self-service bikes.
Moreover, in the context of Smovengo's capital restructuring, INDIGO Infra has agreed to waive, on the date of completion of the transaction referred to above, its shareholders' loans (fully depreciated in INDIGO Group's consolidated financial statements as of 31 December 2023). Following the completion of the acquisition, INDIGO Infra will also proceed with the incorporation to the capital of Smovengo of all, or part of the shareholders' loan acquired, followed by a capital reduction.
Since 2018, Smovengo operates the "Vélib'" self-service bikes on behalf of the Syndicat Autolib' & Vélib' Métropole, covering the City of Paris and 65 municipalities of the Greater Paris Metropolitan Area, until 2032. With 20,000 bikes, almost 48 million journeys and more than 150 million kilometers travelled in 2023, Smovengo is the operator of the world's largest docked bicycle sharing contract and a key player in low-carbon mobility.
This combined operation will enable INDIGO Infra to hold 100% of Smovengo's capital and to strengthen Smovengo on the control over its entire value chain.
The completion of the transaction is subject to customary conditions including its review by the anti-trust Authority.
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INDIGO Group
| Analyst / Investor contact: | Press contact: |
| Mathieu Barnavon | Bruno Tallent |
| ir@group-indigo.com | bruno.tallent@group-indigo.com |
About INDIGO Group S.A.
The INDIGO Group, which owns nearly 100% of INDIGO Infra, Indigo Neo and INDIGO®weel, is a global player in parking and urban mobility, managing more than 1.4 million parking spaces and their associated services in 10 countries.
INDIGO Group is indirectly 49.3% owned by Crédit Agricole Assurances, 34.4% owned by Vauban Infrastructure Partners and 14.9% owned by MR Infrastructure Investment GmbH (MEAG), and held 0.2% of its own shares in treasury, with the Group's management owning the remainder of the shares.
www.group-indigo.com
Notice
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