Mubadala Capital, Pierre et Vacances sign tender offer agreement at EUR 1.9 a share

Reuters2026/07/20 07:29

By:Reuters

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Mubadala Capital agreed terms with Pierre et Vacances for an all-cash tender offer for all outstanding securities.
Tender commitments secured from shareholders representing 80.13% of the share capital; key holders include Fidera, Benefit Street Partners, Pastel, Pristine.
Offer price set at EUR 1.9 per ordinary share cum distribution, EUR 1.79 ex distribution; EUR 0.1 top-up if a squeeze-out follows.
Transaction includes an extraordinary premium distribution of EUR 0.11 per ordinary share, expected to occur before the offer period opens.
Offer filing expected by Q1 2027; completion targeted in H1 2027, subject to reaching the 50% acceptance threshold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mubadala Capital (RS) Ltd published the original content used to generate this news brief on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mubadala Capital, Pierre et Vacances sign tender offer agreement at EUR 1.9 a share

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