Carrefour seals deal to buy 127 Klepierre malls

Fri Jan 24, 2014 12:07pm EST
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PARIS (Reuters) - France's Carrefour (CARR.PA: Quote) said on Friday it signed a binding agreement with real estate group Klepierre (LOIM.PA: Quote) to buy a portfolio of 127 shopping malls in Europe, with the deal expected to close in the first half of 2014.

Carrefour said previously that the deal would cost the world's second-largest retailer 2 billion euros ($2.74 billion)and would help revive its flagging European hypermarkets.

(Reporting by Maya Nikolaeva; Editing by Natalie Huet)

A general view is seen of a Carrefour store in Sao Paulo December 24, 2013. REUTERS/Paulo Whitaker