11/08/2026
Business Insights Investments & Strategy
A Family Affair: The Inside Story of Agostini’s Takeover of Prestige Holdings
What made this deal immediately distinctive — and immediately controversial — was not the valuation arithmetic. It was the ownership architecture underneath it. Both Agostini and Prestige Holdings are majority-controlled by the same private holding company: Victor E. Mouttet Limited (VEML). VEML is 100 per cent owned by the Mouttet family. At the time of the offer, VEML held 48.5 per cent of Agostini and 52.9 per cent of Prestige Holdings. When connected companies GNM Properties and JNM Properties — linked to Christian Mouttet and his brother François Mouttet — are added, the Mouttet family’s effective ownership of Agostini reaches 57.8 per cent. Christian Mouttet was, at the time, Chairman of both AGL and PHL, and Chairman and CEO of VEML itself.
https://businessuiteonline.com/a-family-affair-the-inside-story-of-agostinis-takeover-of-prestige-holdings/