Pierre & Vacances-Center Parcs: Update on the Proposed Acquisition of the Group by Mubadala Capital: Pristine Undertakes to Tender Its 11.5% Stake

Pierre & Vacances-Center Parcs: Update on the Proposed Acquisition of the Group by Mubadala Capital: Pristine Undertakes to Tender Its 11.5% Stake

The Transaction Remains Subject to Conditions

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The Pierre & Vacances-Center Parcs Group (Paris:VAC) announced on June 22 that it had received from Mubadala Capital ("MC") a fully financed binding offer to acquire all outstanding securities issued by Pierre et Vacances S.A. (the "Company") through a voluntary tender offer in cash. The Board of Directors of the Company at a meeting held on June 19, 2026 (including representatives of Fidera Limited, Benefit Street Partners and Pastel Holding, the Company’s largest shareholders representing, in the aggregate, 58.9% of its outstanding share capital) has unanimously welcomed favorably the proposed transaction (the "Transaction")1, without prejudice to the reasoned opinion to be issued by the Board of Directors in the context of the contemplated tender offer.