Former URW chief rebuffs €9b ‘Reset’ plans and calls for change at indebted group

A consortium of investors led by former Unibail-Rodamco-Westfield CEO Léon Bressler and French telecoms billionaire Xavier Niel has called on all investors to oppose the European listed property giant’s recently announced €9 bn ‘Reset’ plan, calling the programme ‘a failed strategy’ and saying the capital raise would be ‘devastating’ for shareholders.

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