Klepierre takes stake in large French malls

France's Klepierre has acquired stakes in several large malls in France for a total investment of EUR 109.6 mln. The leading shopping centre manager in continental Europe said it has signed a memorandum of agreement to take full equity ownership of the Progest group owned by Henry Hermand, as well as financial interests in several real estate companies spread across 13 sites located in or near downtown areas of major French cities.

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