Brief: French company Pierre & Vacances: progress in talks on strengthening its equity

Pierre Et Vacances SA

07/03/2022 07:18

March 7 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * PIERRE ET VACANCES S.A.: SIGNIFICANT PROGRESS IN
DISCUSSIONS ON
THE EQUITY STRENGTHENING PROCESS
    * EXTENSION OF EXCLUSIVITY GRANTED TO ALCENTRA, FIDERA AND
ATREAM
UNTIL WEDNESDAY MARCH 9, 2022 TO REACH A FINAL AGREEMENT
    * AGREEMENT WILL MEET COMPANY'S OBJECTIVES OF PRESERVING
INTEGRITY
OF GROUP AND ACHIEVING A BALANCED FINANCIAL STRUCTURE BY
REDUCING GROUP'S INDEBTEDNESS AND SECURING NECESSARY LIQUIDITY
TO ENABLE IT TO DEPLOY ITS STRATEGIC PLAN 'REINVENTION 2025'
    * PARTIES INVOLVED AIM TO REACH A FINAL AGREEMENT IN NEXT
FEW
DAYS.

Source text for Eikon:  ID:nBw2mY8Dha 
Further company coverage:  PVAC.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))