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Compagnie des Alpes Seeking Investment from Fosun

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 interest in France’s leisure sector.

However, CDA has stated that it would not look to sell more than a 10 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.

 

http://www.reuters.com/article/us-compagnie-des-alpes-fosun-idUSKBN13I134

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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