EANS-Adhoc: Jungfraubahn Holding AG
Negotiations on the integration of the
Sesselbahn Lauberhorn AG into the Jungfrau Railways Group
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
13.12.2010
The executive boards of the Jungfraubahn Holding AG (Jungfrau Railway Holding) and Sesselbahn Lauberhorn AG (Lauberhorn Chairlift) have agreed to conduct negotiations on the integration of the Sesselbahn Lauberhorn AG into the Jungfrau Railways Group. One of the points to be clarified in the negotiations is in which form the integration should be implemented. The Jungfraubahn Holding AG intends to submit a purchase offer to Sesselbahn Lauberhorn AG shareholders as quickly as possible. However, this will only be done if, at the same time, the Sesselbahn Lauberhorn AG Executive Board recommends approval (friendly takeover).
The Lauberhorn chairlift is one of the most richly traditional snowsport facilities in the region and so in the whole of Switzerland. In winter it is totally integrated into the Jungfrau Ski Region fare network and thus in the ski area of Kleine Scheidegg. It has an annual revenue of CHF 1 million.
end of announcement euro adhoc
Further inquiry note:
Urs Kessler, CEO
+4179 407 90 52
Branche: Railway
ISIN: CH0017875789
WKN: 001787578
Index: SPI
Börsen: BX Berne eXchange / regulated dealing
SIX Swiss Exchange / Domestic Standard