Australia's Smart Parking rises on US parking operator buy

Smart Parking

02/07/2026 05:02

** Shares of Smart Parking SPZ.AX rise as much as 3.9% to A$0.805, their biggest intraday pct gain since June 24
** Parking services provider says it has acquired U.S.-based parking operator, American Parking
** Says deal for $12 million funded from existing cash reserves, debt facility and co's shares
** American Parking covers 54 locations across Oklahoma, Texas and Arkansas
** YTD, stock down 38.1%

(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))