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Last updated : 13/10/2026 - 09h52
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Paprec's Takeover Bid for Pizzorno Environnement: Independent Expert Crowe HAF Publishes Addendum

Prepared by Crowe HAF in its capacity as independent expert, this document serves to clarify or specify, as appropriate, certain provisions of the report dated July 27, 2026.


Paprec's Takeover Bid for Pizzorno Environnement: Independent Expert Crowe HAF Publishes Addendum

A Supplement to the Report on the Simplified Public Takeover Bid

Pizzorno Environnement announced on October 12, 2026 the publication on its website of an addendum to the report issued on July 27, 2026 by Crowe HAF.

This report is part of a simplified public takeover bid project, not followed by a mandatory withdrawal, targeting Pizzorno Environnement shares and initiated by Paprec Group.

The Takeover Bid Remains Subject to AMF Review

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According to the press release, the takeover bid remains subject to review by the Financial Markets Authority. The company indicates that there is no certainty regarding the filing of the simplified public takeover bid mentioned, nor regarding its opening.

The press release has been prepared for information purposes only and does not constitute an offer to purchase, nor a solicitation for the sale of Pizzorno Environnement shares. It is classified among regulated information published during a public acquisition bid period.

Based in Draguignan (Var), Pizzorno Environnement is a family business that covers all waste management services, from cleaning to collection, sorting to recovery and treatment. The group employs approximately 2,500 people and is listed on compartment C of Euronext Paris.



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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 140,4 millions d'euros
  • Quarterly revenue: 140,4 millions d'euros
  • Revenue growth: 4,9 %
  • EBITDA: 23,4 millions d'euros
  • EBITDA margin: 16,7 %
  • Net income: 4,1 millions d'euros
  • 11 millions d'euros

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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