The Pizzorno-Devalle family sells 30.64% of PIZZORNO Environnement to Paprec

On February 9, 2026, the Pizzorno-Devalle family exercised a purchase option, selling 30.64% of PIZZORNO Environnement to the Paprec group. This transaction resulted in Paprec acquiring a majority stake with 50.64% of the share capital and 50.02% of the voting rights. The family retains 21.18% of the share capital, remaining the second-largest shareholder and a committed partner alongside Paprec.

The sale, subject to approval by the Competition Authority, is expected to be completed in the second quarter of 2026. Paprec is therefore planning a simplified public tender offer at the same price, namely €62.50 per share. An independent expert has been appointed to assess the financial terms of the transaction.