EQS-News 101 0 Kommentare CPI PROPERTY GROUP – Sale of Crans Montana Ski Resort

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CPI Property Group sold Crans Montana Ski Resort to Vail Resorts, Inc.
Gross transaction value exceeds CHF 100 million.
Cash received will be used to reduce leverage, more disposals expected.

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