{
    "title": "Abu Dhabi fund makes \u20ac1 billion bid for Pierre & Vacances-Center Parcs",
    "modified_at": "2026-06-22 13:41:39",
    "published_at": "2026-06-22 13:42:00",
    "url": "https://www.belganewsagency.eu/abu-dhabi-fund-makes-1-billion-bid-for-pierre-vacances-center-parcs",
    "short_url": "http://prez.ly/ZnJd",
    "culture": "en_BE",
    "language": "EN",
    "slug": "abu-dhabi-fund-makes-1-billion-bid-for-pierre-vacances-center-parcs",
    "body": "<p><strong>Mubadala Capital, an investment fund owned by the Abu Dhabi government, has made a binding offer to acquire French tourism group Pierre &amp; Vacances-Center Parcs in a deal valuing the company at around &euro;1 billion.</strong></p><p>The group has a significant presence in Belgium, operating seven holiday parks under the Center Parcs and Sunparks brands, as well as several Adagio aparthotels in Brussels.</p><p>The offer has been welcomed unanimously by the company&rsquo;s board after a year-long strategic review and discussions with several potential investors.</p><p>Mubadala is offering &euro;1.90 per share, with a possible additional &euro;0.10 per share if it succeeds in taking the company private and removing it from the stock market. The bid represents a significant premium compared with the company&rsquo;s share price before the strategic review was announced last year.</p><p>However, the deal is not yet guaranteed. Mubadala must secure commitments from shareholders representing at least 80 per cent of the company&rsquo;s share capital by 17 July. The group&rsquo;s three largest shareholders, who together control nearly 60 per cent of the shares, have already expressed support for the transaction.</p><p>Pierre &amp; Vacances-Center Parcs operates holiday parks, hotels and holiday residences across Europe under brands including Center Parcs, Sunparks, Adagio and Maeva. The group welcomed almost eight million customers and generated &euro;1.95 billion in revenue in its most recent financial year.</p><p>If the conditions are met, the formal takeover offer is expected to be launched in early 2027, subject to regulatory approvals.</p><p>&nbsp;</p><p><sup>&copy; ANP XTRA KOEN VAN WEEL</sup></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p>",
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    "author": {
        "first_name": "Flanders",
        "last_name": "News Service"
    },
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}