Kite Realty, Retail Equipment will meet a $ 7.5 billion contract

Retail sales will convert 0.6230 shares of Kite Realty for the total value of the house, representing an average price of $ 12.98 and showing an average of about 13% on Retail Real Estate on Friday.

BENGALURU: The Kite Realty Group Trust announced on Monday that it will buy Retail Properties of America Inc. of $ 2.8 billion to build one of the top five-selling stores in the United States.

Retail sales will convert 0.6230 shares of Kite Realty for the total value of the house, representing an average price of $ 12.98 and showing an average of about 13% on Retail Real Estate on Friday.

The company as a whole expects its revenue to be around $ 4,600 billion and the business value of $ 7.5 billion, said.

It was also announced that the consortium will create a package of 185 global stores covering 32 million square feet of common space.

Retail stores will be organized with the help of, the last company left, after closing in the fourth quarter of 2021.

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