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Klepierre to acquire Corio for $9.7B

Jul. 29, 2014 6:56 AM ETKlépierre SA (KLPEF) StockSPG, BNPQY, BNPQF, CRIOF, KLPEF, BNPZYBy: Yoel Minkoff, SA News Editor
  • French real-estate group Klepierre (OTCPK:KLPEF) is closing in on a deal to acquire Dutch rival Corio (OTC:CRIOF) for €7.2B ($9.7B), which would create an industry leader with €21B in assets.
  • The boards of both companies as well as their main shareholders (Simon Property Group (NYSE:SPG) and BNP Paribas (OTCPK:BNPZY)) back the deal, the companies said in a joint statement.

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