La Défense, 31st December 2024
INDIGO Infra announces it has completed the acquisition of 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 previously held 40% of Smovengo's share capital, announces it has finalized the acquisition of all the shares and shareholders' loans in Smovengo from its co-shareholders Mobivia, Fifteen and Marfina as well as the acquisition from Fifteen of the business assets related to the solutions and equipment necessary to the "Vélib'" self-service bikes.
Moreover, in the context of Smovengo's capital restructuring, INDIGO Infra has written off its shareholders' loans (fully depreciated in INDIGO Group's consolidated financial statements as of 31 December 2023). 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 (now Agence Métropolitaine des Mobilités Partagées), 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 enables INDIGO Infra to hold 100% of Smovengo's capital and to strengthen Smovengo on the control over its entire value chain.
Case Cassiopea and Advant Altana acted as financial and legal advisors, respectively. EY, Stéphane Chaouat & Associés, and Vaughan Avocats also assisted INDIGO Infra with financial, tax, and social matters.
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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
The information contained herein has been included in good faith but is intended for general information purposes only. All reasonable precautions have been taken to ensure that the information contained herein is not false or misleading. It should not be relied upon for any specific purpose and no representation or warranty is made as to its accuracy or completeness. This press release should be read in conjunction with the information about INDIGO Group S.A. (the "Company") published on its website at www.group-indigo.com.
This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities. Its preparation does not constitute a recommendation regarding securities. Nothing in this document may be used as the basis for entering into a contract or agreement.
This document may contain objectives and forward-looking statements concerning the Company's financial condition, results of operations, business activities and expansion strategy. Although based on reasonable assumptions, these objectives and statements are subject to numerous risks and uncertainties, including factors not presently known to the Company or that it does not currently consider material, and there can be no assurance that the anticipated events will occur or that the stated objectives will be achieved. All forward-looking statements are the current expectations of the Company's management regarding future events and are subject to several factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The information is current only as of the date hereof and the Company assumes no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additional information about the factors and risks that could affect the Company's financial results is included in the documents filed by the Group with the Autorité des Marchés Financiers and available on its website at www.group-indigo.com.
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