Simon Property Group Announces Two Strategic Acquisitions, Strengthening Domestic and International Footprint


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Acquires 28.7% Interest in Leading European Mall Owner and Operator Klépierre from BNP Paribas Acquires Joint Venture Partner Farallon Capital’s Stake in 26 Mills Assets Both Transactions Expected to be Immediately Accretive to FFO; SPG Increases 2012 FFO and Net Income Guidance INDIANAPOLIS --(BUSINESS WIRE)--Mar. 8, 2012-- Simon Property Group, Inc. (NYSE: SPG) ("SPG") today announced that it has signed a definitive agreement under which it is acquiring a 28.7% equity stake (54,430,000 shares) in Klépierre (Euronext Paris: LI) from BNP Paribas (Euronext Paris: BNP) for €28.00 per share, or a total transaction value of approximately $2.0 billion (€1.5 billion). SPG will receive payment of Klépierre’s dividend to be declared in April 2012 . Klépierre is a Paris -based real estate (...)

Simon Property Group Announces Two Strategic Acquisitions, Strengthening Domestic and International Footprint

Informative (statistical or progress report, encyclopaedia, schoolbook,...)     08/03/2012

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