Brief: Compagnie Des Alpes Signs Agreement To Acquire MMV

Compagnie des Alpes SA

29/06/2022 18:31

June 29 (Reuters) - Compagnie des Alpes SA  CDAF.PA :
    * COMPAGNIE DES ALPES SIGNS AN AGREEMENT TO ACQUIRE MMV
    * ANNOUNCES THAT HAS MADE A BINDING OFFER TO THE
SHAREHOLDERS OF
THE MMV GROUP FOR THE ACQUISITION OF AN 85% EQUITY INTEREST IN
THE SECOND HOTEL OPERATOR IN FRENCH ALPS
    * THE TRANSACTION INCLUDES ITS HOTEL OPERATOR BUSINESS AS
WELL AS
ITS REAL ESTATE BUSINESS, INCLUDING A PORTFOLIO OF 6 CLUB THAT
ARE FULLY OWNED BY MMV.
    * FIRM OFFER THAT MAY BE ACCEPTED BY MMV SHAREHOLDERS UNTIL
JULY
29, 2022
    * COMPAGNIE DES ALPES WOULD BECOME THE MAJORITY SHAREHOLDER
ALONGSIDE THE CO-FOUNDING CHAIRMAN OF MMV AND ITS CEO
    * THE PROPOSED TRANSACTION WOULD BE CONDUCTED WITH A
VALUATION OF
172.6 MILLION EUROS (FOR 100% OF ITS EQUITY CAPITAL
    * THE TRANSACTION WILL BE FINANCED WITH THE GROUP'S
AVAILABLE
CASH, AND WILL NOT AFFECT THE DEBT RATIO TO BE RESPECTED BY THE
GROUP

Source text for Eikon:  ID:nNDL8sJkJf 
Further company coverage:  CDAF.PA 

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