CNMC Approves Indigo's Acquisition of Parkia with Commitments
The CNMC has approved Indigo's acquisition of Parkia with commitments, including divesting Parkia Marbella Center to address competition concerns in the parking sector.
01.05.2024 | Spanish competition authority
Indigo has committed to divest Parkia Marbella Center in Marbella to address potential competition issues in the area. Failure to divest could lead to increased parking prices in the affected zone.
The CNMC identified competition risks in Marbella due to Indigo's significant market position post-acquisition. Indigo also pledged additional commitments to strengthen the effectiveness of its divestments.
Overall, the CNMC deemed Indigo's commitments sufficient to mitigate the competition risks arising from the acquisition, ensuring no worsening of the market structure.