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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% | 27.08 | 26.35 | 28.40 | 0.00 | 12:13:31 |
From Jul 2019 to Jul 2024
French retailer Carrefour SA (CA.FR) is in talks with property company Klepierre SA (LI.FR) to buy more than 100 shopping malls in France, Spain and Italy, the French daily Le Figaro reports, without citing sources.
The newspaper said the EUR1.7 billion deal would be financed through a loan for half its value.
Carrefour declined to comment. Klepierre was unavailable to comment.
Carrefour is regaining traction at home after years of declining consumer appetite for the company's signature hypermarkets. Excluding currency effects, disposals and fuel sales, Carrefour's underlying sales grew 3.1% in the third quarter.
About 10 years ago, Carrefour sold almost 160 shopping centers in which it operated stores to Klepierre in a bid to free up cash, Le Figaro said.
Newspaper Web site: http://www.lefigaro.fr
-Write to Nadya Masidlover at nadya.masidlover@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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