PARIS Nov 2 BNPP Paribas will sell its 6.5 percent stake in mall operator Klepierre by the way of an accelerated private placement to institutional investors, the French bank said on Monday.
"This transaction is part of BNP Paribas' active management of its equity investment portfolio. Following this transaction, BNP Paribas will have sold all of the Klepierre shares that it holds for its own account", the bank said in a statement.
11:20 PE firm Warburg buys $121 million stake in Indian cinema operator PVR13
04:18 NAB, Oxley to sell stakes in Cambridge Industrial manager to e-Shang Redwood14
12:02 Bank of America tops earnings forecast, predicts 'significant increase' in net interest income21
14:56 Read what Steven Mnuchin will say at his Treasury confirmation hearing17