Acquisition of 97.68% of Tayninh Company by three investors

Unibail-Rodamco-Westfield (URW) has sold 97.68% of the share capital of Société de Tayninh to three investors: Quatre Vingt Dix, Nuku Hiva Holding, and Infinity Nine Promotion. The transaction was completed at a price of €0.11 per share, subject to a prior distribution on November 4, 2025.

The company's new five-member governance structure has been established, with Éric Larchevêque appointed President and CEO. A simplified tender offer proposal, without a mandatory delisting clause, will soon be submitted to the Autorité des marchés financiers (AMF), at the same price per share.

An ad hoc committee has been formed to assess the financial fairness of this offer, drawing on the expertise of the firm Crowe HAF. In parallel, an extraordinary general meeting will be convened to propose significant changes to the company's bylaws.