Locally based Simon Property Group Inc. has added 18.6 million shares to its stake in the United Kingdom's largest owner
of shopping malls, Liberty International Plc.
Simon, the largest U.S. mall owner, now owns 35.4 million shares, or 6.2 percent of Liberty. That company's founder, David Gordon, and his family own about 16 percent of the company after selling additional shares to raise capital in late May.
The world's largest mall owner, Sydneybased Westfield Group, owns 3 percent of Liberty's shares.