Klepierre, Corio Deal Shakes Up European Retail Real Estate Market

French Klepierre and Dutch Corio have announced plans to merge in a share deal in which Klepierre will absorb Corio and become a leading European shopping centre real estate powerhouse in a bricks versus clicks battle with online retailers such as Amazon. The deal was engineered by Simon Property Group, a main holder in Klepierre with BNP Paribas, and could tempt a rival bidder.

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