UWR shares spike as billionaire Xavier Niel discloses 27% stake
05/20/2022 | 06:37am EDT
PARIS (Reuters) - Shares in French real estate company Unibail Rodamco Westfield rose by 2.5% on Friday after a regulatory filing by watchdog AMF showed Xavier Niel, a telecoms billionaire and major shareholder of the business, now holds 27% of voting rights.
Niel has no intention to launch a takeover of the company, but envisages to further increase his stake, the filing said.
(Reporting by Tassilo Hummel; editing by Richard Lough)