BNP Paribas sells Klepierre stake for 829 mln eur

November 3, 2015 7:10 AM

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PARIS Nov 3 French bank BNP Paribas said on Tuesday it sold its 6.5 percent stake in property group Klepierre for about 829 million euros ($914 million).

BNP Paribas said it sold the 20.5 million shares through an accelerated private placement to institutional investors at a price of 40.50 euros per share. This compared with Monday's closing price of 43.00 euros.

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