Mubadala Capital makes binding cash bid for all outstanding Pierre & Vacances-Center Parcs securities
Mubadala Capital has submitted a binding cash offer to acquire all outstanding securities of Pierre & Vacances-Center Parcs (PVCP) via a voluntary tender offer. PVCP’s board unanimously welcomed the proposed deal, while noting it will still issue a reasoned opinion in the context of the offer. The offer is subject to securing by July 17, 2026, commitments to tender ordinary shares representing at least 80% of PVCP’s outstanding share capital. The tender offer filing is expected in the first quarter of 2027.