Simplified tender offer on Pizzorno: Paprec holds 52.28% of the share capital following the offer
Following the offer closed on November 10, 2026, Paprec Group and Paprec Holding together hold 52.28% of the share capital of Groupe Pizzorno Environnement, and the concert they form with the Pizzorno-Devalle family holds 76.86%.
Paprec acquired 65,391 shares during the offer
On November 12, 2026, the Autorité des marchés financiers published the result of the simplified tender offer initiated by Paprec Group for the shares of Groupe Pizzorno Environnement. Opened on October 28, 2026, the offer closed on November 10, 2026 inclusive.
Over this period, Paprec Group acquired 65,391 shares. According to the terms presented at the end of October 2026, the offer targeted 991,088 shares, or 24.78% of the share capital, and was not to be followed by a squeeze-out. The price had then been deemed fair, despite objections from a minority shareholder.
Paprec Group alone holds 32.28% of the share capital after the offer
At the close of the transaction, Paprec Group directly holds 1,291,008 shares, representing 32.28% of the share capital and 22.85% of the theoretical voting rights. Together with Paprec Holding, the holding reaches 2,091,008 shares and 51.18% of the theoretical voting rights.
The concert comprising Paprec Group, Paprec Holding, Éliane Pizzorno, Magali Devalle and Frédéric Devalle holds 3,074,303 shares, or 83.58% of the theoretical voting rights, after including the treasury shares held by the company.
Voting rights are calculated on the basis determined as of June 9, 2026: 4,000,000 shares and 5,649,018 theoretical voting rights, following the lapse of 1,225,617 double voting rights resulting from the sale of shares by the Pizzorno-Devalle family.
