Unibail's shareholders have backed the EUR 9 bn merger between the French property giant and Rotterdam-based retail property specialist Rodamco Europe to create Europe's largest publicly traded property company. All resolutions submitted for a vote at the meeting on Monday were approved, with over 77% of the shareholders backing the resolution authorising a share exchange between the two companies. The Paris-based company bid just over half of a Unibail share for each Rodamco share in an offer that starts on Tuesday and runs until 20 June.
Unibail's shareholders have backed the EUR 9 bn merger between the French property giant and Rotterdam-based retail property specialist Rodamco Europe to create Europe's largest publicly traded property company. All resolutions submitted for a vote at the meeting on Monday were approved, with over 77% of the shareholders backing the resolution authorising a share exchange between the two companies. The Paris-based company bid just over half of a Unibail share for each Rodamco share in an offer that starts on Tuesday and runs until 20 June.