on GROUPE PIERRE ET VACANCES (EPA:VAC)
Pierre & Vacances-Center Parcs Group Reviews Strategic Options
The Board of Directors at Pierre et Vacances S.A. has announced a review of the group's strategic options. This move comes after the early success of their "ReInvention" plan implemented over the past three years. The company has also set an ambitious adjusted EBITDA target of over €180 million for the current fiscal year.
This strategic review aims to explore all potential opportunities to fully realize the group's potential. It may result in changes to the shareholder structure. Pierre et Vacances has enlisted Morgan Stanley and BNP Paribas as financial advisors to assist in evaluating and possibly executing these strategic options.
The company is committed to keeping the market updated on the progress of this review.
R. P.
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