BNP Paribas To Sell Its Remaining Stake in Klepierre
03 11월 2015 - 2:42AM
Dow Jones News
By Noemie Bisserbe
PARIS--French bank BNP Paribas SA (BNP.FR) said it had initiated
the sale of its remaining 6.5% stake in real estate group Klepierre
in a private placement to institutional investors.
"This transaction is part of BNP Paribas' active management of
its equity investment portfolio," said the company in a statement .
"The result of the private placement will be announced after the
closing of the bookbuilding," it added.
In May, BNP Paribas had already sold a 7% stake in Klepierre and
said it would keep the 6.5% stake it still held in the real estate
company for at least 90 days.
-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
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(END) Dow Jones Newswires
November 02, 2015 12:27 ET (17:27 GMT)
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