BNP Paribas sells stake in property company Klepierre

November 2, 2015 5:29 PM

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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.

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