Pierre et Vacances Center Parcs: return of the pendulum


Model. The Pierre et Vacances stock has risen by 45% over the last three months with the finalization of the financial restructuring and the recovery of world tourism… The operator of holiday villages now has a new shareholding with a consortium formed by the Alcentra and Fidera funds which represents half of the shares. The governance has been completely renewed while the organization is being resized. With the conversion of debt into equity and a cash injection, the company posted positive net cash of +66 ME at the end of September.

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