It was a thunderclap, and a first in the history of the CAC 40. Tuesday, the shareholders of Unibail-Rodamco-Westfield (URW) retoked the strategic plan supported by the management of the giant shopping centers.
The 3.5 billion euro capital increase, which Christophe Cuvillier, Chairman of the Management Board, considers essential to reduce URW's debt?
Rejected by the shareholders, like two of them, Léon Bressler, former boss of Unibail, Xavier Niel, successful entrepreneur, encouraged them for less than a month.
Bitter battle for the future of Unibail-Rodamco-Westfield
The appointment of three more members to the supervisory board (Léon Bressler, Xavier Niel and the Spanish businesswoman Susana Gallardo) in order to
"put rationality in its operation"
and to put an end to
"a parody of governance"
The two men, who gradually took a stake in URW until they held nearly 10%, won their bet.
It was Thursday, October 15 that Unibail's story got carried away.
Sitting in the back of his car
This article is for subscribers only.
You have 89% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
Enter your email