BRIEF-Urw Enters Into Conditional Agreement To Acquire Remaining 50% Of Westfield Utc

June 10 (Reuters) - Unibail-Rodamco-Westfield SE URW.PA:

  • ENTERS INTO CONDITIONAL AGREEMENT TO ACQUIRE REMAINING 50% OF WESTFIELD UTC

  • DEAL VALUED AT ABOUT $705 MILLION IN CASH AND UP TO 2.6 MILLION NEW URW SHARES

  • DEAL EXPECTED TO CLOSE NO LATER THAN DECEMBER 31, 2026

  • DEAL EXPECTED TO BE LTV AND AREPS NEUTRAL, MARGINALLY ACCRETIVE TO NAV

  • DEFINITIVE COMPOSITION OF CONSIDERATION WILL BE ANNOUNCED AT CLOSING

Source text: ID:nGNEWMfML

Further company coverage: URW.PA


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