Unibail-Rodamco has confirmed approval of the acquisition of Westfield Corporation, owners of Westfield London.
Shareholders confirmed the transaction at Unibail’s Annual General Meeting. The combined company will be listed on Amsterdam, Paris and Sydney stock exchanges.
On May 24, 2018, Westfield shareholders will convene to vote on the schemes of arrangement to
approve the transaction, which has been recommended by the Westfield board.
Christophe Cuvillier, CEO of Unibail-Rodamco commented: “Today marks a new and
major step forward in the acquisition of Westfield, a natural extension of Unibail-Rodamco’s strategy of
concentration, differentiation and innovation. I would like to thank our shareholders
for their support for the proposed transaction, which represents a compelling opportunity
for continued profitable growth and value creation.”
Shareholders also approved the appointment of two former Westfield board members – John
McFarlane and Peter Lowy, as members of the new Supervisory Board.