BNP Paribas to Sell 7% Stake in Klepierre
07 5월 2015 - 2:37AM
Dow Jones News
By Noemie Bisserbe
PARIS--French bank BNP Paribas SA (BNP.FR) said Wednesday it
plans to sell a 7% stake in retail landlord Klepierre (LI.FR) in a
private sale to institutional investors.
Simon Property Group Inc. (SPG), which currently owns 18.3% of
Klepierre, has placed an order to acquire an additional 2% of the
company's shares, BNP Paribas said in a statement.
The French bank said it would keep the 6.5% stake it will still
hold in Klepierre after the proposed sale for at least 90 days.
Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
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