Find in the news:
BY COUNTRY

Klépierre to purchase Dutch rival in $9.7bn deal



Klépierre of France has entered a conditional agreement to purchase Corio, its Dutch rival, in a deal that would make them the largest retail shopping center owner in Europe.

Corio, a real estate investment trust, will be valued at €7.2bn ($9.7bn) in this all-stock deal.  Klépierre is seeking to obtain 100% of the outstanding Corio shares by an offer to the shareholders.  The joint company will own 182 shopping centers in 16 European countries, worth around €21bn.  If the companies had amalgamated during 2013, it would have shown a rental net income in excess of €1.2bn.

Klépierre to purchase Dutch rival in $9.7bn deal.jpgThe deal should be completed during the first quarter of 2015 and recommendations to shareholders from both boards are to accept the offer. The transaction is supported by the main shareholders in both companies.   APG has agreed to tender its 30.6% share in Corio to Klépierre. Corio shareholders will receive 1.14 shares of Klépierre for each of their Corio shares.  This implies a price of €41.40 for each Corio share based on Klépierre’s closing price Monday.  On Monday, Corio’s shares closed at €35.84.

Once completed, the deal will add Germany, Turkey and the Netherlands to Klépierre’s portfolio and boost its Iberian, Italian and French holdings.  The company is expecting to gain annual cost savings of around €50m within three to five years of this deal.  The new company which has not yet been named may list its shares on Euronext in Amsterdam and Paris.



More about shopping malls in France



YESTERDAY, USA:
Mars Retail Group has announced upcoming discoveries at Disney Springs, Mall of America, and Berlin.
DAY BEFORE YESTERDAY, Slovenia:
The volume of investments in the construction of the shopping and entertainment center was about 150 million euros.
Jan 22, 2020, India:
H&M's collaboration with a famous Indian designer is an indicator of the company's interest in this rapidly growing market.
Jan 21, 2020, United Kingdom:
The fashion chain marks the growth of sales and intends to consolidate the results with the opening of 18 new outlets.
Jan 17, 2020, France:
The retail space was created in collaboration with Galeries Lafayette department store.
Jan 17, 2020, USA:
Gap has changed its mind about making Old Navy a separate company.
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us