URW Advances Deleveraging with Asset Sales

Unibail-Rodamco-Westfield SE Stapled Security Chess Depository Interests Repr 0.05 Sh (AU:URW) has released an update.

Unibail-Rodamco-Westfield SE has announced substantial progress in its debt reduction strategy, with the sale of Pasing Arcaden in Germany for €388 million and Westfield Annapolis in the US for $160 million. These transactions, selling at a slight discount, contribute to a total of €0.6 billion in completed or pending deals for 2024, significantly lowering the group’s net debt. Moreover, URW is currently negotiating further sales potentially worth €0.8 billion.

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