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CPI PROPERTY GROUP – Sale of Crans Montana Ski Resort

EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP – Sale of Crans Montana Ski Resort

02.05.2024 / 13:56 CET/CEST
The issuer is solely responsible for the content of this announcement.


CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254                                                                                                                             

Press Release - Corporate News

Luxembourg, 2 May 2024

CPI PROPERTY GROUP – Sale of Crans Montana Ski Resort

CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce an important step in the Group’s disposal programme.

Today, CPIPG completed the sale of our ski resort business in Crans Montana, Switzerland, which includes approximately 84% of the shares of Remontées Mécaniques Crans Montana Aminona (CMA) SA, the company owning and operating the Crans Montana ski lifts, as well as several assets and properties relating to on-mountain activities. The purchaser is Vail Resorts, Inc., and the gross transaction value is more than CHF 100 million.

Cash received by CPIPG will be used to reduce leverage. The Group expects to announce further disposals soon and will continue to keep our stakeholders updated.

For further information, please contact:

Investor Relations

Moritz Mayer

m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com    
Follow us on X (CPIPG_SA) and LinkedIn



02.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:English
Company:CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Luxemburg
Phone:+352 264 767 1
Fax:+352 264 767 67
E-mail:contact@cpipg.com
Internet:www.cpipg.com
ISIN:LU0251710041
WKN:A0JL4D
Listed:Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:1894475

 
End of NewsEQS News Service

1894475  02.05.2024 CET/CEST

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