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13 February 2012

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French Klépierre closes e2.7bn Steen & Strom deal, sets e300m rights issue

French REIT/SIIC Klépierre and the Dutch ABP Pension Fund has closed the agreement with the Swedish Canica acquire 100% of Steen & Strøm, Scandinavia's largest integrated real estate specialist of shopping centres, for a total of e2.7bn.

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