In a press release, property company Unibail-Rodamco-Westfield has just announced that it intends to proceed with a cross-border merger by absorption of Unibail-Rodamco TH B.V., its 100%-owned Dutch subsidiary, "subject to the fulfillment of certain customary conditions precedent". This transaction is part of efforts to streamline the organizational structure of the group, which recently sold the Pullman Paris Montparnasse hotel for just over €300 million.