Compagnie des Alpes : Cash impact from compensation likely to be significant for CDA
>Some good news at last for CDA… the legislative order published yesterday dispels uncertainty around compensation for ski lift operators - In the AGM held yesterday, Dominique Marcel provided an update on the latest progress concerning the compensation for ski lift operators and therefore for CDA. We note that the loss of business incurred as a result of the ski slope closures will amount to around € 400m for CDA for the 2020-21 ski season (based on the normalised 2...Compagnie des Alpes SA is a France-based holding company active in the tourism and leisure industry in two distinct areas: the operation and maintenance of ski resorts and the operation of family leisure parks and attractions. It equips, maintains and operates ski resorts in the Alps region in France, Italy and Switzerland. Its activities include lift handling, trail maintenance, grooming and snowmaking, and operation of ticket booths. Compagnie des Alpes SA is active in the leisure park industry through its subsidiary, Grevin & Cie SA, which manages leisure sites in France, the Netherlands, Germany, Belgium, Switzerland and the United Kingdom. It offers three types of activities: theme parks, nature and animal parks, and tourist attractions. It operates in France, Switzerland, Germany, Belgium, Russia and Luxembourg. In April 2014, it sold 30% stake in Groupe Looping to HIG Capital France, and announced the agreement with MacEarth and the aquisition of 2.5% stake in the company.
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