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Bitter battle for the future of Unibail-Rodamco-Westfield

2020-10-15T19:06:48.086Z

DECRYPTION - Two activist shareholders criticize the group's strategy, one month away from a crucial general meeting.



Christophe Cuvillier, president of European shopping center giant Unibail-Rodamco-Westfield (URW), has only a few weeks to defeat the coup attempt in preparation to overthrow him.

Thursday, at breakfast time, he learned by a simple text the attack of two activist shareholders.

The sender of this message is none other than his distant predecessor Léon Bressler.

Associated with Xavier Niel, founder of Free and real estate investor, he wants to impose a 180 degree strategic turn on URW.

Read also:

Xavier Niel and Léon Bressler attacking the shopping center giant Unibail

The two men hold 4.1% of the capital and try to rally the other shareholders, convened on November 10 for an extraordinary general meeting.

Their objective?

Impose an alternative to "Reset", the plan presented on September 17 by Christophe Cuvillier, which provides for a capital increase of 3.5 billion euros.

Xavier Niel and Léon Bressler named their project “Refocus”.

"

That a European champion of commercial real estate is also mistreated

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Source: lefigaro

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