COMPAGNIE DES ALPES (EPA:CDA) - CDA in talks with Futuroscope

Transparency directive : regulatory news

30/04/2010 17:59

Press release

Compagnie des Alpes in talks to become the largest shareholder of Futuroscope

April 30, 2010 - Compagnie des Alpes is entering talks with the Conseil
Général de la Vienne, with a view to create a long-term partnership with
regards to the development of the Futuroscope.

The transaction as planned would consist of merging the Futuroscope theme park
with the CDA Group, which would become the controlling shareholder of the park's
operating company. The CDA Group would oversee current operations and financing,
which is consistent with its status as industrial operator in the sector. The
Vienne département, which currently owns 70% of the park, would remain a
significant shareholder, with minority blocking and specific governance
rights.

Futuroscope, the third-largest French theme park, is a high-quality asset that
has recovered significantly since 2003. In 2009 it welcomed 1.7 million visitors
(+6%), compared with 500,000 in 2003. Sales in 2009 came to EUR80 million, with
net income of EUR8 million.

The unique positioning of Futuroscope, the strength of its brand, and its
standing on the French market combine to create conditions that meet CDA's
criteria for its acquisition strategy, and all the more for a joint venture that
would enhance the Group's skills and optimize capital employed.

The planned business combination would heighten the expertise and striking force
of both Futuroscope and the Group, especially in terms of content production and
marketing capacity.

In the event of a positive outcome to the negotiations underway, CDA will aim to
preserve the unique character of Futuroscope and to strengthen and increase its
development, in the framework of an industrial project in collaboration with the
Vienne département and the Futuroscope teams.

Important dates:

*  H1 2009-2010 results: May 26, 2010, before market.
*  Q3 2009-2010 sales: July 27, 2010, after market.

www.compagniedesalpes.com

Compagnie des Alpes is a major player in the field of leisure production in
Europe. The company operates 36 leisure sites, with 15 leading ski areas in the
Alps (including Tignes, Val d'Isère, Les Arcs, La Plagne, Les Menuires, Les
2Alpes, Méribel, Chamonix) and 21 leisure parks (including Parc Astérix,
Grévin, and Walibi) in 6 European countries: France, Switzerland, the
Netherlands, Belgium, Germany, and the U.K. Consolidated 2010 sales reached
EUR576 million with close to 23 million visitors and the net attributable income
was EUR40.2 million for the financial year ending September 30, 2009.

CDA is in the indices SBF 250, CAC Mid 100, and CAC MidSmall 190.
ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational services.

Contacts:
Compagnie des Alpes          Sandra PICARD         +33.1 46 84 88 53
sandra.picard@compagniedesalpes.fr
                             Claire MONTEIL-ROBERT +33.1 46 84 88 79
claire.monteil-robert@compagniedesalpes.fr

Kablé Communication Finance  Catherine KABLE       +33.1 44 50 54 75
catherine.kable@kable-cf.com
                             Céline PASQUALINI     +33.1 44 50 54 73
celine.pasqualini@kable-cf.com

source : webdisclosure.com

COMPAGNIE DES ALPES's latest news

22/10/2024 17:45

COMPAGNIE DES ALPES (EPA:CDA) - CDA in talks with Futuroscope

Transparency directive : regulatory news

COMPAGNIE DES ALPES's latest news

Other stories