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CPPIB looking to sell stake in Interparking: Reuters

Canada Pension Plan Investment Board (CPPIB) has hired U.S. investment bank Citi to explore the sale of its 39 percent stake in European car park management company Interparking Group, sources told Reuters. Brussels-based Interparking has more than 800 car parks in nine countries. CPPIB acquired the stake in 2014 from AG Real Estate for about 376 million euros (US$412 million).