Pierre & Vacances shareholder Pristine agrees to tender 11.5% stake into Mubadala Capital offer

Penn Virginia Corporation

Penn Virginia Corporation

PVAC

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  • Mubadala Capital made a fully financed binding offer to buy all outstanding Pierre & Vacances securities via a cash tender offer.
  • Pristine signed an undertaking to tender its managed stake, covering 11.5% of share capital and 38.8% of outstanding Creditor Warrants.
  • The deal needs tender undertakings for at least 80% of outstanding share capital by July 17, 2026; the group is seeking additional institutional support.
  • The board unanimously welcomed the proposed transaction, pending its formal reasoned opinion in the tender-offer process.


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