Westfield to spin out tech start-up OneMarket with no debt – The Australian Financial Review
Westfield has revealed it set its start-up technology company OneMarket free with $160 million in cash and no debt, as its investors prepare to vote on its takeover by Unibail-Rodamco. OneMarket will be spun out as part of the takeover. A 90 per cent stake in OneMarket will be handed to existing shareholders, with Unibail…