(CercleFinance.com) – Pierre & Vacances indicates that its negotiations with investors to strengthen its equity have ‘resulted in very significant progress on most of the points under discussion, with the aim of reaching a final agreement within the all next days’.
In order to allow the finalization of the discussions and the validation of the decision-making bodies of some of the stakeholders, the firm offer from the investors – namely Alcentra, Fidera and Atream – and the period of exclusivity granted to them are extended until 9 March.
Once completed, the agreement ‘will meet the company’s objectives of preserving its integrity and achieving a balanced financial structure by reducing indebtedness and securing the necessary liquidity to enable it to deploy its Reinvention 2025 strategic plan’.