Unibail rights issue cancelled as activists victorious

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Equity
Follow-ons and Rights issues

Unibail rights issue cancelled as activists victorious

Sam Kerr
November 10, 2020 12:15 PM
Unibail_rodamco_westfield_2_PA_575x375_Nov10
A shop sign of Unibail-Rodamco-Westfield, on May 04, 2020 in Paris, France. Photo by David NIVIERE/ABACAPRESS.COM | Niviere David/ABACAPRESS.COM/ABACA/PA Images

Shopping centre group Unibail-Rodamco-Westfield's planned €3.5bn rights issue has been cancelled after a group of activist shareholders convinced investors to reject it ahead of an extraordinary general meeting.

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Topics

GovernanceEquityEuropeFollow-ons and Rights issuesFranceEMEASRICorporate Bonds
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Sam Kerr
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