Brief: Urw Enters Into Conditional Agreement To Acquire Remaining 50% Of Westfield Utc
10/06/2026 07:05
BRIEF-Urw Enters Into Conditional Agreement To Acquire Remaining 50% Of Westfield Utc June 10 (Reuters) - Unibail-Rodamco-Westfield SE URW.PA:
ENTERS INTO CONDITIONAL AGREEMENT TO ACQUIRE REMAINING 50% OF WESTFIELD UTC
DEAL VALUED AT ABOUT $705 MILLION IN CASH AND UP TO 2.6 MILLION NEW URW SHARES
DEAL EXPECTED TO CLOSE NO LATER THAN DECEMBER 31, 2026
DEAL EXPECTED TO BE LTV AND AREPS NEUTRAL, MARGINALLY ACCRETIVE TO NAV
DEFINITIVE COMPOSITION OF CONSIDERATION WILL BE ANNOUNCED AT CLOSING
Source text: ID:nGNEWMfML
Further company coverage: URW.PA
(Gdansk Newsroom)
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