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🇫🇷 France /Economy & Trade

Pierre et Vacances-Center Parcs group set to be bought by Emirati fund

From Libération · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The French tourism group Pierre et Vacances-Center Parcs is nearing a takeover by an Emirati fund, with a valuation of approximately 1 billion euros.
  • The deal is contingent on approval from 80% of shareholders and regulatory authorities, with a potential completion by 2027.
  • The group has faced significant debt, making the acquisition a crucial step for its future.

The French tourism group Pierre et Vacances-Center Parcs is on the verge of being acquired by an Emirati fund, a move that could see the company valued at around 1 billion euros. This potential takeover marks a significant turning point for the indebted group, which specializes in tourism residences.

The acquisition is subject to securing the approval of at least 80% of the company's shareholders and obtaining the green light from relevant regulatory authorities. If these conditions are met, the deal is expected to be finalized around 2027, providing a new ownership structure for the group.

Pierre et Vacances-Center Parcs has been grappling with substantial debt, making this potential acquisition a critical development for its financial stability and future operations. The proposed deal offers a path forward, potentially alleviating financial pressures and allowing the group to continue its business under new stewardship.

DistantNews Editorial

Originally published by Libération in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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