NPS Said to Pay Hammerson $150 Million for Stake in Paris Mall

National Pension Service of Korea agreed to pay Hammerson Plc 106 million euros ($150 million) to increase its stake in a mall near Paris, according to three people with knowledge of the transaction.

NPS exercised its option to buy an additional 24 percent stake in O’Parinor, increasing its ownership of the 90,000-square-meter (969,000-square-foot) mall to 75 percent, said the people, who declined to be identified because the purchase hasn’t been made public.