Brief: Pizzorno-Devalle And Petithuguenin Families Enter Into Long-Term Strategic Partnership

Groupe Pizzorno Environnement SA

10/08/2021 07:16

Aug 10 (Reuters) - GROUPE PIZZORNO ENVIRONNEMENT SA
 GPEP.PA :
    * PIZZORNO-DEVALLE AND PETITHUGUENIN FAMILIES ENTER INTO A
LONG-TERM STRATEGIC PARTNERSHIP
    * PETITHUGUENIN FAMILY, VIA THE PAPREC GROUP, SIGNED AN
AGREEMENT
TO ACQUIRE 20% OF THE CAPITAL OF PIZZORNO ENVIRONNEMENT FROM THE
MAJORITY FAMILY SHAREHOLDERS
    * AT THE END OF THIS TRANSACTION, WHICH IS EXPECTED TO TAKE
PLACE
IN THE FALL OF 2021, SUBJECT TO A PRIOR DECISION BY THE AUTORITÉ
DES MARCHÉS FINANCIERS, THE FAMILY SHAREHOLDERS WILL RETAIN A
MAJORITY STAKE IN PIZZORNO ENVIRONNEMENT

Source text for Eikon:  ID:nACT70687 
Further company coverage:  GPEP.PA 

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