Compagnie des Alpes : Termination of the public service concession for 2Alpes: an opportunity?
>The reasons behind this termination - Yesterday afternoon we had a conference call with the management of Compagnie des Alpes to talk about the termination of the public services concession for 2Alpes (the first time that this has happened to the group). Despite a minimum investment programme of € 200m over the next two years, we understand that there were lingering disagreements with the local authorities, on both the operation (licence, etc.) and the development of...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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