Shareholder revolt over rights issue at Unibail-Rodamco-Westfield lifts shares

French billionaire Xavier Niel has teamed up with Unibail-Rodamco-Westfield’s URW.AS former boss to oppose the shopping mall group’s planned 3.5 billion euro ($4.10 billion) rights issue, lifting the shares on Thursday. Unibail-Rodamco-Westfield, Europe’s biggest property owner, hit back saying its board of directors strongly disagreed with the proposals from the Niel-led consortium. Niel, founder of […]

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