Brief: Compagnie Des Alpes To Increase Stake In Futuroscope

Compagnie des Alpes SA

03/07/2020 17:43

July 3 (Reuters) - COMPAGNIE DES ALPES SA  CDAF.PA :
    * AMBITIOUS TRANSFORMATION PLAN FOR THE FUTUROSCOPE AND A
NEW
30-YEAR LEASE FOR ITS OPERATION
    * FINAL SIGNATURE SHOULD TAKE PLACE AT THE END OF SEPTEMBER
AND
THE NEW LEASE SHOULD START IN JANUARY 2021
    * OFFER PROVIDED BY CURRENT FUTUROSCOPE SITE WILL BE
STRENGTHENED
AND DENSIFIED THROUGH INVESTMENT PLAN OF €200 MILLION OVER NEXT
10 YEARS
    * INVESTMENTS TOTALLING €104 MILLION WILL BE MADE BY A NEW
COMPANY, FUTUR RESORT
    * COMPAGNIE DES ALPES AND BANQUE DES TERRITOIRES WILL EACH
ACQUIRE
AN ADDITIONAL 10% IN SOCIÉTÉ ANONYME DU PARC DU FUTUROSCOPE
    * WHEN THE TRANSACTION IS COMPLETED, SOCIÉTÉ ANONYME DU PARC
DE
FUTUROSCOPE WILL BE 55.55% OWNED BY COMPAGNIE DES ALPES

Source text: https://bit.ly/2YXDhdu
Further company coverage:  CDAF.PA 

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