URW: raises stake in URW Germany

(CercleFinance.com) - Unibail-Rodamco-Westfield (URW) announces that it has acquired a 38.
9% stake in URW Germany GmbH and related entities (URWG) from its joint venture partner Canada Pension Plan Investment Board (CPP Investments).

This OTC transaction, which brings URW's shareholding in URWG to 89.9%, is financed by the issue of over 3.25 million new URW shares, representing approximately 2.2% of its fully diluted post-completion share capital.

URWG wholly owns three shopping centers in Germany, as well as stakes in two others, E416m in cash and the commission business for third-party assets in Germany.


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