PGGM to sell 1.5 mln Simon Property Group shares

PGGM filed to sell 1.5 million shares of Simon Property Group Inc.Â's common stock, according to a Form 144 released Tuesday by the Securities and Exchange Commission.

PGGM, of the Netherlands, listed last Wednesday as the approximate date of sale for the shares, which it valued at $55 million.

A Form 144 indicates an intention to sell restricted stock, but it isnÂ't a commitment to do so.

(source: Dow Jones Business News)

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