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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 | 29.01 | 31.19 | 17 | 21:03:21 |
By Ruth Bender
PARIS--French retailer Carrefour SA (CA.FR) Friday said it has signed a final agreement to buy 127 malls from French real-estate firm Klepierre SA (LI.FR).
Carrefour said in December that it would spend 2 billion euros ($2.75 billion) to buy shopping malls adjacent to its supermarkets in France, Italy and Spain. It plans to create a new real-estate holding company, grouping its new properties with 45 malls it already owns in France.
Carrefour said the transaction--which is still subject to antitrust approval--is expected to close in the first half of the year.
-Write to Ruth Bender at ruth.bender@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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