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WeWork Rival's CEO Pledges $667 Million Stake for Bank Loan - Vimarsana News

WeWork Rival's CEO Pledges $667 Million Stake for Bank Loan

(Bloomberg) — IWG Plc Chief Executive Officer Mark Dixon pledged 270 million shares – about 93% of his holding — in the world’s biggest operator of serviced offices as collateral for a loan of undisclosed size from Deutsche Bank AG, according to a regulatory filing.  The pledged stake is valued at almost £530 million ($667…