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Real Estate Briefing - Categorized | M&A, REITs more

Simon buys BNP Paribas stake in Klépierre for EUR 1.5bln

Posted on 09 March 2012

Simon Property Group (SPG) has acquired a 28.7% stake in French retail REIT Klépierre from BNP Paribas for EUR 28 per share, or a total transaction value of around EUR 1.5 bn.
The deal is expected to close next week, SPG said on Thursday. The US company, which is the largest owner of American malls and outlet centres, has no current intention to acquire additional shares in Klépierre………………………………………..Full Article: Source


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