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BUSINESSBloomberg Markets·17h ago

Morgan Stanley’s $2.5 Billion Parking Sale Wins Chicago Approval

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Chicago officials approved a $2.5 billion sale of the city's parking-meter operation to Stonepeak Partners, led by a Morgan Stanley investor group.

A Morgan Stanley-led investor group won Chicago’s approval for its $2.5 billion sale of a parking-meter operation to Stonepeak Partners, ending months of political turmoil around the transaction.

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