Abu Dhabi Fund Makes €1 Billion Bid for Pierre & Vacances-Center Parcs
16 Articles
16 Articles
After approaching bankruptcy five years ago, the champion of holiday homes became profitable again. He regained his appetites for conquest, after an incredible uplift. And now arouses the lust of an Emirati investment fund, which offers a billion euros to take control of the French group.
The tourism giant, which owns the Center Parcs des Landes de Gascogne in Casteljaloux (Lot-et-Garonne), is the subject of a takeover offering valuing the company to about 1 billion d
A major investor from the United Arab Emirates has made a takeover bid for the French tourism group Pierre & Vacances-Center Parcs (PVCP). The group is also active in Belgium with brands such as Center Parcs, Sun Parks, and Adagio Aparthotel. It will become clear in July whether the takeover can proceed.
The Mubadala Capital Fund, a subsidiary of Abu Dhabi's sovereign wealth fund, is launching an OPA fully funded on the group, with the intention of removing it from the list.
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