Unibail-Rodamco-Westfield : Major potential in the medium term but challenges in the short term
>Dividend guaranteed during the phase relating to plan to divest € 2.9bn in non-core assets - Following the acquisition of Westfield, Unibail-Rodamco-Westfield (URW) is primarily engaged in a phase of deleveraging and portfolio rationalisation. Now half way through its divestment plan, URW has already sold off € 3.1bn and the remaining € 2.9bn still to be sold are set to be mainly the shopping centres in Europe (75%-85%) and to a lesser extent offices (15%-25%). ...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.
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.
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