Despite its strong liquidity of €12.7bn of undrawn credit lines, URW announced a recap of €3.5bn (named the “Reset” plan), being the equivalent of 63% of its current market cap (based on 16 September 2020 share price) and 13% of its net debt. URW confessed that selling more assets reveals to be impossible and that hybrids were not appropriate in such difficult times. Please read our 24 June 2020 Idea Kicker ”Unibail… or sell”.
17 Sep 2020
Doubling the number of existing shares
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Doubling the number of existing shares
Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod (UL:WBO) | 0 0 0.0%
- Published:
17 Sep 2020 -
Author:
Christian Auzanneau -
Pages:
4
Despite its strong liquidity of €12.7bn of undrawn credit lines, URW announced a recap of €3.5bn (named the “Reset” plan), being the equivalent of 63% of its current market cap (based on 16 September 2020 share price) and 13% of its net debt. URW confessed that selling more assets reveals to be impossible and that hybrids were not appropriate in such difficult times. Please read our 24 June 2020 Idea Kicker ”Unibail… or sell”.