Compagnie des Alpes Announces Sale of Dolfinarium Harderwijk and Walibi Sud-Ouest to Continental Leisure Projects SARL for €37.5m

Compagnie des Alpes (CDA) has announced the sale of the Dolfinarium Harderwijk and Walibi Sud-Ouest to Continental Leisure Projects SARL, an affiliate of Aspro Group, for a total of €37.5 million in cash.

The sale of Dolfinarium Harderwijk has been completed and the sale of Walibi Sud-Ouest has been initiated as is expected to complete by the end of January 2015.

In FY 2013/14 the two sites together contributed around 6% of EBITDA and €22.5 million sales for CDA’s Leisure business unit.  Walibi Sud-Ouest will retain its brand for at least three years.

The disposal is in line with CDA’s strategy to refocus its leisure portfolio.

Commenting on the news, Dominique Marcel, Chairman and CEO of Compagnie des Alpes, said, “This transaction highlights the intrinsic value of CDA's sites, particularly those at the heart of our strategy.”