Simon Property (SPG) is buying a 28.7% stake in Klepierre (KLPEF.PK) from BNP Paribas (BNPQY.PK)...

|About: BNP Paribas ADR (BNPQY)|By:, SA News Editor

Simon Property (SPG) is buying a 28.7% stake in Klepierre (KLPEF.PK) from BNP Paribas (BNPQY.PK) for €1.5B ($2B), making Simon the biggest shareholder in the French EU mall owner. Simon Property will receive Klepierre's dividend, which will be declared in April. (PR)