Unibail-Rodamco-Westfield SE - Assemblée Générale des actionnaires du 10 Novembre 2020
Le 16/09/2020, Unibail-Rodamco-Westfield (« URW ») a annoncé son plan « RESET », lequel a pour principal objectif un désendettement de plus de 9 Mds€ via notamment une augmentation de capital de 3,5 Mds€ intégralement garantie qui serait utilisé pour réduire immédiatement l’endettement. La présente Assemblée est convoquée afin d’approuver cette augmentation de capital.
Le 15/10/2020, un consortium d’actionnaires composé de Flagship Retail Investment (véhicule d’investissement géré par Aermont Capital Management dont le managing partner est Léon Bressler, ancien Président Directeur Général d’Unibail) et Rock Investment (filiale de NJJ Holding, holding personnelle de Xavier Niel) a fait savoir qu’ils étaient opposés à cette augmentation de capital et au plan RESET de façon générale et a proposé la nomination de 3 candidats au conseil : Léon Bressler, Susana Gallardo et Xavier Niel.
Après s’être entretenu avec chacune des parties, Proxinvest recommande de soutenir l’augmentation de capital afin de maintenir une notation financière de qualité et de ne pas créer de tension sur les refinancements à venir. Nous recommandons également le soutien d’un des candidats proposés par le consortium, Xavier Niel, afin que le conseil puisse bénéficier de la présence d’un actionnaire minoritaire important, de ses compétences et de contribuer aux débats sur les arbitrages d’actifs.
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.
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