I hadn't noticed the reduction and had until now assumed that there were a relatively fixed number of CDIs on the ASX.
I've read the latest Statement of CDIs announcements and must confess to not understanding the mechanism by which they're reducing on the ASX. Presumably they're not being bought back so is there a mechanism by which the 20:1 CDIs are being transferred between the local and Paris listings?
News: URW Unibail-Rodamco-Westfield Announces Successful Placement Of A EUR 750 Mln Green Bond, page-4
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