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Austria’s Best in Parking Said to Seek IPO at €1 Billion Value

Best in Parking AG is seeking a valuation of more than €1 billion ($979 million) in a potential initial public offering, according to people familiar with the matter.

The Austrian operator of garages and car parking sites has appointed Erste Group Bank AG, Jefferies Financial Group Inc. and UniCredit SpA as IPO advisers, the people said.