OREANDA-NEWS. The BNP Paribas group announces today that it has sold 20.5 million Klépierre shares by way of an accelerated private placement to institutional investors at a price of EUR 40.50 per share, representing an aggregate amount of approximately EUR 829 million, corresponding to 6.5% of the company's share capital.

This transaction is part of BNP Paribas' active management of its equity investment portfolio. The sale will have a positive impact of 5 bp on the Group's CET1 ratio (assuming a pay-out ratio of 45%).

Through this placement, BNP Paribas has sold all of the Klépierre shares that it held for its own account.

This private placement has been lead-managed by BNP Paribas acting as Sole Global Coordinator and Bookrunner. Credit Suisse and UBS Investment Bank have acted as Joint Bookrunners.

About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.