Amsterdam – 15 January 2015– Euronext today welcomed Klépierre, a leading European commercial real estate company, to its Amsterdam market. Trading in the Klépierre shares (ticker symbol: LI) on the Amsterdam market started this morning.
Klépierre (listed on Euronext Paris since 1974) was listed on Euronext’s Amsterdam market following the declaration of the company on January 9, that the exchange offer made for all issued shares of Euronext Amsterdam listed European retail property company Corio is unconditional.
In acquiring Corio, Klépierre becomes the leading pan-European pure player in the retail property business, with a total portfolio value of 21 billion euros of shopping centers and a footprint across 16 countries. The companies combined market capitalization is expected to be more than EUR10 billion with EUR5 billion free float.
According to Laurent Morel, CEO of Klépierre, “We are very pleased that our offer has had such outstanding success and Klépierre warmly welcomes its new shareholders. The new listing on Euronext Amsterdam will enhance liquidity of the shares and visibility of the Group on international markets, all this being very valuable for the company and all its stakeholders.”
“We are delighted to welcome Klépierre to our Amsterdam market,” said Anne Louise Metz, Head of Listings at Euronext Amsterdam.“Klépierre’s listing in Amsterdam is a good example of how European companies can use our pan European model via multiple listings to reinforce their presence and visibility in multiple markets.”
To mark the listing Klépierre will sound the gong in Amsterdam on 25 February.