CPI PROPERTY GROUP / LU0251710041
02.05.2024 - 13:56:54CPI PROPERTY GROUP – Sale of Crans Montana Ski Resort
| CPI PROPERTY GROUP / Key word(s): Real Estate 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 (“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. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| 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 News | EQS News Service |
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