Unibail cash call threatened as rebel alliance swells stake

By Sam Kerr
22 Oct 2020

Unibail-Rodamco-Westfield’s rights issue is under increased threat from a group of rebel shareholders that disagree with the company’s vision to reset its business. These shareholders have rapidly surpassed the 5% threshold, according to a filing with the with the Autorité des Marches Financiers, after which they have to disclose their holdings.

The consortium of rebels, led by Léon Bressler of Aermont Capital and Xavier Niel of NJJ Holding, informed the AMF on Thursday that they had passed the 5% threshold.

Bank of AmericaBNP ParibasCrédit AgricoleGoldman SachsJP Morgan and Société Générale are global co-ordinators on the rights ...

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