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Unibail's ASX listing as part of Westfield takeover gets bourse's approval

Unibail-Rodamco SE received the Australian stock exchange's approval for its foreign exempt listing on the bourse, effective May 31 under the URW ticker code.

The French company's listing will mean that its stapled shares — each composed of one of its own shares and one share of WFD Unibail-Rodamco NV, a company Unibail-Rodamco created as part of its US$15.68 billion takeover offer for ASX-listed Westfield Corp. — will trade as CHESS depositary interests.

The proposed listing is still subject to other conditions, such as the approval of Unibail shareholders and Westfield security holders on May 17 and May 24, respectively.