URW shares spike as billionaire Xavier Niel discloses 27% stake
PARIS, May 20 (Reuters) - Shares in French real estate company Unibail Rodamco Westfield (URW.AS) rose by 2.5% on Friday after a regulatory filing by watchdog AMF showed Xavier Niel, a telecoms billionaire and major shareholder of the business, now holds 27% of voting rights.
Niel has no intention to launch a takeover of the company, but envisages to further increase his stake, the filing said.
(This story refiles to fix typo in headline)
Reporting by Tassilo Hummel; editing by Richard Lough
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