Mubadala Capital buyout offer lifts Pierre et Vacances shares

Pierre Et Vacances SA

22/06/2026 10:16

** French holiday resort operator Pierre et Vacances PVAC.PA rise 3.7%, paring earlier gains of nearly 6%, after receiving a fully financed binding buyout offer from Mubadala Capital
** The company says its board of directors welcomes the offer, which values shares at €1.9 each "cum distribution" with a potential top-up to €2
** Pierre et Vacances' shares reached €1.85 at 0830 GMT
** A formal tender offer filing is expected in the first quarter of 2027, it adds, with Mubadala Capital targeting a squeeze-out and to delist the firm from the market
     

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))