Compagnie des Alpes (CDA) is reported to be looking to secure investment, most likely from Chinese conglomerate Fosun, by the end of the year.
The investment would help CDA in its ambitions to expand into the Chinese market.There is concern in some French political circles over the growing levels of Chinese interestin France's leisure sector.
However, CDA has stated that it would not look to sell more than a10 per cent stake. A further brake on foreign ownership is the company's largest shareholder -state owned Caisse des Depots - who retain a 40 per cent shareholding.
https://www.reuters.com/article/us-compagnie-des-alpes-fosun-idUSKBN13I134
Rachel Read
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.
