November 7, 2016 / 5:21 PM / a year ago

BRIEF-Klépierre announces disposal of two shopping centers

Nov 7 (Reuters) - Klépierre SA :

* Klepierre announces the disposal of two shopping centers in Scandinavia

* Klepierre announces that Steen & Strøm, its 56.1 pct-controlled subsidiary, has completed sale of its stakes in two shopping centers

* 49.9 pct of Åsane Storsenter in Bergen, Norway (49,604 sq.m.)

* 100 pct of Torp Köpcentrum in Uddevalla, Sweden (31,600 sq.m.)

* Both transactions for a total consideration of 235 million euros ($259.35 million) excluding transfer duties

* On a group share basis for Klépierre, proceeds from the disposals amount to 132 million euros

* Transaction also releases additional financial capacity for Steen & Strøm to fund development projects in its pipeline and potential targeted acquisitions in Scandinavia Source text for Eikon: Further company coverage: ($1 = 0.9061 euros) (Gdynia Newsroom)

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