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URW shares spike as billionaire Xavier Niel discloses 27% stake

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PARIS, Could 20 (Reuters) – Shares in French actual property firm Unibail Rodamco Westfield (URW.AS) rose by 2.5% on Friday after a regulatory submitting by watchdog AMF confirmed Xavier Niel, a telecoms billionaire and main shareholder of the enterprise, now holds 27% of voting rights.

Niel has no intention to launch a takeover of the corporate, however envisages to additional improve his stake, the submitting mentioned.

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Reporting by Tassilo Hummel; enhancing by Richard Lough

Our Requirements: The Thomson Reuters Belief Rules.

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