Unibail-Rodamco-Westfield shares rally on shareholder opposition to stock sale

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Shares in shopping mall owner Unibail-Rodamco-Westfield climbed 11% in afternoon trade in Amsterdam, making it the best-performing Stoxx 600 component on the day, after an investor group said they would oppose a company plan to sell 3.5 billion euros of stock. The investors, which include former CEO Leon Bressler, hold over 4% of the stock, and say the company instead should sell its U.S. portfolio to concentrate on Europe.
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