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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Klepierre SA (PK) | USOTC:KLPEF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.695 | 29.95 | 32.00 | 0.00 | 13:07:03 |
From Feb 2020 to Feb 2025
By Inti Landauro
PARIS--French bank BNP Paribas SA (BNP.FR) Thursday said it sold a 7% stake in real estate group Klepierre SA (LI.FR) for 870 million euros ($987.3 million) in a private placement to institutional investors.
Simon Property Group Inc. (SPG), which already owned 18.3% in Klepierre, bought 2% of the company's shares, BNP Paribas said in a statement.
The bank sold the stake at EUR39.60 a share, or 4.5% below the closing price on Wednesday.
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.
Shares of Klepierre opened 3.3% lower on Thursday at EUR40.09.
-Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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