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Compagnie des Alpes expands into other areas
by Alison Shayler | Skinets Administration | published 7-Jul-2010
Around this time last year we reported that the world's largest lift operator, Compagnie des Alpes, was to sell its share in Verbier.
We now hear that they are refinancing their debt and raising a further €100m in order to expand the other areas of their business, which include theme parks and aquariums. It claims the time is now ripe for expansion.
It is reported that the re-financing deal is going well and the new share issue has received much favourable interest.
The Compagnie des Alpes has interests in La Plagne, Les Arcs, Val d'Isere, Meribel, Avoriaz, Les 2 Alpes, Tignes, Serre Chevalier amongst others.
As well as selling its share in Verbier it also recently off-loaded its 30% stake in the Italian resort of Courmayeur.
Click here for further details from the Compagnie des Alpes press release >>
Source : Planetski.eu
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