Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : The € 3.5bn capital increase will not go ahead! URW set to refocus on Europe in the medium term?

>EGM: all of the REFOCUS resolutions were adopted! - All the resolutions proposed by the REFOCUS investor consortium were confirmed following the early vote, which was made public ahead of today’s EGM:The resolution on the € 3.5bn capital increase did not secure the required two-third majority. As indicated previously, we believed that this scenario was a real probability given: 1/ the support from small shareholders for the REFOCUS plan regarding a planned capit...
Underlying
Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod

Unibail-Rodamco is a commercial property operator, investor and developer. Co. is operationally organized in six geographical regions: France, Spain, Central Europe, Austria, the Nordics and The Netherlands. Its activities are divided into three business lines or segments: Shopping Centres, Offices and Convention & Exhibition. Co.'s Shopping Centres segment focuses primarily on the retail sector; the Offices segment takes care of office assets that are mainly located in the Parisian Central Business District; and the Convention-Exhibitions segment consists of a real estate venues and operations organization, and trade show organization.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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