MCB Group Limited (MUSE:MCBG.N0000) made a mandatory offer to acquire 15.6% stake in Compagnie des Villages de Vacances de L'isle de France Limitee (MUSE:COVI.I0000) for approximately MUR 200 million on August 9, 2017. MCB Group Limited will pay MUR 22.5 per share as consideration. In a related deal, MCB Group Limited entered into a conditional agreement to acquire 84.4% stake in Compagnie des Villages de Vacances de L'isle de France Limitee from Club Méditerranée for MUR 1 billion on August 9, 2017. MCB Group Limited will finance the deal from proceeds of MUR 1.3 billion from issue of MCB Group Limited Unsecured Notes. MCB Group Limited has sufficient funds to satisfy all acceptances received pursuant to the offer. Offer will only apply to those holders of the shares appearing on the register of shareholders of Compagnie des Villages de Vacances de L'isle de France Limitee as at the close of business of February 8, 2018.

MCB Group Limited (MUSE:MCBG.N0000) cancelled the acquisition of 15.6% stake in Compagnie des Villages de Vacances de L'isle de France Limitee (MUSE:COVI.I0000) on August 9, 2018.