CPI PROPERTY GROUP - Sale of Crans Montana Ski Resort

EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP - Sale of Crans Montana Ski Resort

02.05.2024 / 13:56 CET/CEST
The issuer is solely responsible for the content of this announcement.

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CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

Press Release - Corporate News

Luxembourg, 2 May 2024

CPI PROPERTY GROUP - Sale of Crans Montana Ski Resort

CPI PROPERTY GROUP ('CPIPG' or the 'Group') is pleased to announce an
important step in the Group's disposal programme.

Today, CPIPG completed the sale of our ski resort business in Crans Montana,
Switzerland, which includes approximately 84% of the shares of Remontées
Mécaniques Crans Montana Aminona (CMA) SA, the company owning and operating
the Crans Montana ski lifts, as well as several assets and properties
relating to on-mountain activities. The purchaser is Vail Resorts, Inc., and
the gross transaction value is more than CHF 100 million.

Cash received by CPIPG will be used to reduce leverage. The Group expects to
announce further disposals soon and will continue to keep our stakeholders
updated.

For further information, please contact:

Investor Relations

Moritz Mayer
m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn


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02.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        CPI PROPERTY GROUP
                   40, rue de la Vallée
                   L-2661 Luxembourg
                   Luxemburg
   Phone:          +352 264 767 1
   Fax:            +352 264 767 67
   E-mail:         contact@cpipg.com
   Internet:       www.cpipg.com
   ISIN:           LU0251710041
   WKN:            A0JL4D
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Dusseldorf, Stuttgart
   EQS News ID:    1894475

End of News EQS News Service
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1894475 02.05.2024 CET/CEST