Issue 2012 March 13th

This issue was created on 2012-03-13 11:18:00

  • US mall giant snaps up stake in European mall operatorMarch 13, 2012
BNP Paribas has sold half its stake in Klépierre, one of Europe’s largest shopping centre operators by sales, to a US-based mall operator as it divests its non-core activities. The move was part of its plan to strengthen its balance sheet, while the US investor has finally secured a major acquisition after 18 frustrating months in pursuit of major targets.
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