Abu Dhabi’s Mubadala Capital has submitted a binding cash offer to acquire Pierre et Vacances S.A., for approximately €900million ($1 billion)
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Mubadala is offering €1.90 per share, with the possibility of top-up of €0.10 per share if it manages a squeeze-out of all shareholders and delist from the Euronext Paris exchange, the French company said in a statement. Watch the Zawya video here:
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