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Pierre et Vacances SA (PVAC.PA)

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Latest Key Developments (Source: Significant Developments)

Pierre et Vacances to construct 4 resorts in China
Friday, 16 Jun 2017 04:56am EDT 

June 16 (Reuters) - PIERRE ET VACANCES SA :CONFIRMS DEVELOPMENT POTENTIAL IN CHINA.SIGNS LETTER OF INTENT WITH CHONGLI THAIWOO LIFESTYLE PROPERTIES CO., LTD. FOR DEVELOPMENT OF RESORT IN THAIWOO SKI STATION.SIGNS DEFINITIVE AGREEMENTS FOR CONSTRUCTION OF FOUR RESORTS IN CHINA, OPENING OF FOUR RESORTS DUE IN 2020.  Full Article

Pierre et Vacances H1 revenue 614.7 mln euros vs 585.5 mln euros last year
Tuesday, 30 May 2017 04:00pm EDT 

May 30 (Reuters) - Pierre Et Vacances Sa ::H1 results affected by heightened seasonal factors in tourism and property development businesses.H1 results affected by costs associated with delivery of villages nature.Target confirmed for "sharp" growth in full-year current operating income excluding costs for villages nature over year.Group tourism revenue for h1 2016/17 totalled eur 532.8 million, up 2.1% relative to h1 2015/16.H1 revenue 614.7 million euros versus 585.5 million euros last year.H1 net loss 105.9 million euros versus loss of 75.5 million last year.Revenue in tourism businesses should grow on a like-for-like basis in q3 2016/17 relative to q3 of previous year.Revenue from property development in q3 2016/17 is set to be lower than that of q3 2015/16.Group confirms its target for 2016/17 revenue of around eur 200 million.  Full Article

Pierre et Vacances Q2 revenue rises to 323.8 million euros
Wednesday, 19 Apr 2017 11:40am EDT 

April 19 (Reuters) - Pierre Et Vacances SA ::Q2 revenue 323.8 million euros ($346.50 million) versus 318.5 million euros year ago.Group confirms its target for sharp growth in current operating profit during 2016/17 relative to that seen in 2015/16.Group is forecasting like-for-like growth in tourism revenue during Q3 2016/17 compared with year-earlier period.Revenue from property development revenue in Q3 2016/17 is set to be lower than that seen in Q3 2015/16 in line with phasing of property programmes.  Full Article

Pierre et Vacances Q4 revenue up at 497.6 million euros
Thursday, 13 Oct 2016 11:38am EDT 

Pierre Et Vacances SA : Q4 revenue 497.6 million euros ($557.36 million) versus 470.8 million euros year ago .Revenue from tourism businesses is set to grow during Q1 2016/2017.  Full Article

Pierre et Vacances Q3 revenue up at 341.1 mln euros
Tuesday, 12 Jul 2016 11:40am EDT 

Pierre et Vacances SA : Q3 revenue 341.1 million euros ($377.6 million) versus 314.8 million euros year ago . Sees real estate revenue for Q4 comparable to last year's figure . Issues 60 million euros Euro PP bond . Bond reaches maturity in Dec 2022; coupon 4.25 pct .Sees for Q4 rise in revenue for Center Parcs Europe.  Full Article

Pierre et Vacances H1 revenue 585.5 million euros vs 650.7 million euros
Wednesday, 25 May 2016 04:00pm EDT 

Pierre Et Vacances Sa : Says H1 revenue 585.5 million euros versus 650.7 million euros .Says first half 2015/2016 revenue from tourism businesses stood at 521.8 million euros, up 9.6% relative to H1 2014/2015.  Full Article

Pierre et Vacances announced reserved rights issue for the HNA Tourism Group
Tuesday, 29 Mar 2016 08:00pm EDT 

Pierre Et Vacances SA:Announces a reserved rights issue for the HNA Tourism Group.Under the framework of this operation, HNA Tourism Group has subscribed to 980,172 new shares representing 10.00 pct of the capital of Pierre et Vacances post-operation, at a unit price of 25.18 euro and representing a total capital increase of 24,680,730.96 euros.Following this operation, S.I.T.I, the holding company controlled by Gérard Bremond, individually owns 39.83 pct of the capital and 56.42 pct of the voting rights of Pierre et Vacances SA.  Full Article

Pierre Et Vacances gives Q2 2016 turnover guidance
Tuesday, 19 Jan 2016 11:40am EST 

Pierre Et Vacances SA:Is forecasting higher growth in turnover during Q2 of year than in Q1.  Full Article

Eurosic accompanies Pierre et Vacances in new German project
Thursday, 26 Nov 2015 02:55am EST 

Eurosic SA:Accompanies Pierre et Vacances-Center Parcs in its European expansion through development of new project in Germany.Eurosic and Pierre et Vacances-Center Parcs have concluded exclusive agreement for acquisition by Eurosic of Center Parcs Allgäu development project, delivery of which is scheduled for late 2018, early 2019.Says investment is in the range of 255 million euros and the project will be fully leased to Pierre & Vacances-Center Parcs under long lease term.  Full Article

Pierre et Vacances and HNA Tourism Groups sign strategic partnership
Monday, 9 Nov 2015 02:00am EST 

Pierre Et Vacances SA:Announces signature of strategic partnership agreements between Pierre & Vacances-Center Parcs and HNA Tourism Groups.Implementation of agreements remains subject to customary approvals by French and Chinese authorities.These projects will be implemented within joint-venture 60 percent owned by HNA Tourism Group and 40 percent by Pierre & Vacances-Center Parcs that will be incorporated by end of 2015.This joint-venture will support real estate and tourism services provided on behalf of investors from each project.It will be granted exclusivity to develop concepts inspired by Center Parcs in China.HNA tourism group commits to mobilize funding for 5 first projects over next three years, for a total investment value estimated at 1 billion euros.Agreements between both groups plan an equity investment of HNA Tourism Group into Pierre Et Vacances S.A.HNA Tourism Group will subscribe to a reserved capital increase representing 10.00 percent of PVSA capital post transaction at a price of 25.18 euros per share.Following this capital increase, SITI (holding controlled by Gérard Bremond) will hold 39.83 percent of PVSA capital and 57.99 percent of voting rights.As part of this partnership, SITI and HNA Tourism Group signed a shareholders' agreement as follows.HNA Tourism Group to commit to a lock-up and standstill clauses.HNA Tourism Group to have two representatives at PVSA board of directors.SITI to maintain its majority representation at PVSA board of directors.  Full Article

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BRIEF-Pierre et Vacances to construct 4 resorts in China

* SIGNS LETTER OF INTENT WITH CHONGLI THAIWOO LIFESTYLE PROPERTIES CO., LTD. FOR DEVELOPMENT OF RESORT IN THAIWOO SKI STATION