Pierre & Vacances: Pristine Commits to Contributing 11.5% of Capital to Mubadala's Takeover Bid
Pristine, managing 11.5% of the capital of Pierre & Vacances-Center Parcs as a trustee, has signed a commitment to contribute to Mubadala Capital's public takeover offer, enhancing the likelihood of meeting the required 80% acceptance condition.
Pristine, managing 11.5% of the capital of Pierre & Vacances S.A. as a trustee on behalf of the state and former lending institutions, signed a contribution commitment on July 7, 2026, to the planned public offer. This commitment covers all the shares managed by Pristine, representing an 11.5% stake in the share capital and a number of share subscription warrants ('BSA Creditors') representing 38.8% of the circulating BSA Creditors.
Mubadala Capital submitted a firm and fully financed offer on June 22, 2026, to acquire all the circulating shares of Pierre & Vacances S.A. through a voluntary cash public takeover offer. The transaction remains subject to a major condition: securing contribution commitments representing at least 80% of the circulating share capital (the '80% Condition') before July 17, 2026.
Regulatory Approvals and Administrative Steps
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
Beyond the 80% Condition, the filing of the public offer remains subject to the satisfaction of usual conditions, including regulatory approvals concerning merger control, foreign subsidy regulation, and foreign investment control in jurisdictions where the group operates.
The transaction also requires the publication of the motivated opinion of the Company's Board of Directors on the public offer, approval by the shareholders of the extraordinary distribution of bonuses described on June 22, as well as the receipt of applicable consents under existing financing agreements to carry out this distribution.
Unanimous Support from the Board and Shareholder Mobilization
The Board of Directors, convened on June 19, 2026, including representatives from Fidera Limited, Benefit Street Partners, and Pastel Holding (together holding 58.9% of the circulating share capital), unanimously welcomed the operation proposed by Mubadala Capital.
The Pierre & Vacances-Center Parcs group is mobilized to gather the necessary support from institutional shareholders to meet the 80% Condition before July 17, 2026.
SectorLoisirs / sport · Groupes hôteliers · Plateformes de voyage›Hôtels et Motels
Free · every morning · before 9am
Never miss a move on your stocks
The trend behind the prices · Euronext
✓ You're in! Check your spam folder.
An error occurred.
Context
Period
Period: 2024-2025
Guidance from the release
L’exercice 2025 confirme la solidité du modèle économique du Groupe et, avec près de 2 milliards d’euros de chiffre d’affaires et un EBITDA qui dépasse 180 millions d’euros, nous confirmons notre capacité à générer une croissance profitable.
Performances 2025 en progression (CA économique 1 946,2 M€, EBITDA ajusté 181,1 M€). Réservations 1er semestre 2025/2026 en forte hausse. Objectif stratégique confirmé : EBITDA ajusté 270 millions d’euros à horizon 2030.
Risks mentioned
Impact opérationnel de fermetures temporaires (ex. Domaine des Hauts de Bruyères) sur la marge
Incidence négative importante de la norme IFRS 16 sur les fonds propres en normes IFRS
Exposition à l’inflation et variation des coûts (même si compensée par économies)
Risque lié à l’évolution capitalistique et besoin de financements complémentaires
Opportunities identified
Objectif stratégique d’EBITDA ajusté 270 millions d’euros à horizon 2030
Poursuite de la premiumisation des offres et hausse des prix moyens
Développement international (ouverture Scandinavie, extension en Espagne, partenariats en Suisse)
Leviers identifiés de croissance externe et initiatives digitales/IA (30 M€ d’EBITDA potentiels à horizon 2030 sous conditions)
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.
