Brief: Unibail-Rodamco-Westfield Acquires 38.9% In URW Germany

Unibail-Rodamco-Westfield SE

05/12/2024 06:24

Dec 5 (Reuters) -  URW.PA :
    * SAID ON WEDNESDAY IT ACQUIRES 38.9% STAKE IN URW GERMANY
FROM
CPP INVESTMENTS
    * ACQUISITION FINANCED THROUGH ISSUANCE OF 3.254 MLN NEW URW
STAPLED SHARES
    * INCREASES URW'S STAKE IN URWG TO 89.9%
    * BOTH PARTNERS RETAIN OPTION TO TRANSFER REMAINING 10.1% OF
CPP
TO URW IN 2025 FOR CASH CONSIDERATION OF UP TO EUR 65 MLN

        
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