Brief: French holiday resort company Pierre & Vacances: got one binding offer as part of equity strengthening process

Pierre Et Vacances SA

16/11/2021 07:07

Nov 16 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * EQUITY STRENGTHENING AND SIGNING CONCILIATION PROTOCOLS
    * SIGNING OF ADAGIO AND PIERRE ET VACANCES SA CONCILIATION
PROTOCOLS
    * RECEIPT OF ONE BINDING OFFER AS PART OF EQUITY
STRENGTHENING
PROCESS AND CONTINUING DISCUSSIONS WITH OTHER CANDIDATES
    * SIGNING OF ADAGIO AND PIERRE ET VACANCES SA CONCILIATION
PROTOCOLS
    * SO FAR RECEIVED ONE BINDING OFFER FROM INVESTORS, SOME OF
WHOM
ARE ALSO EXISTING FINANCIAL CREDITORS OF GROUP
    * DISCUSSIONS WITH OTHER CANDIDATES ARE CONTINUING IN
MEANTIME.
    * THIS OFFER REMAINS IN PARTICULAR SUBJECT TO AGREEMENT OF
FINANCIAL CREDITORS ON PROPOSED SCHEME.

Source text for Eikon:  ID:nBw8FKqPka 
Further company coverage:  PVAC.PA 

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