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BNP BNP Paribas

67.64
0.19 (0.28%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BNP Paribas EU:BNP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.19 0.28% 67.64 67.44 67.99 68.31 67.32 68.00 1,775,234 16:40:00

BNP Paribas to Sell 7% Stake in Klepierre

06/05/2015 6:37pm

Dow Jones News


BNP Paribas (EU:BNP)
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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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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