Vail Resorts to acquire Swiss ski resort Crans-Montana Mountain
Vail Resorts has entered into an agreement to acquire its 42nd ski area, Crans-Montana Mountain Resort in Switzerland, the company announced Thursday.
In a deal that has been in the works for several months, Vail Resorts will purchase an 84-percent ownership stake in Remontées Mécaniques Crans Montana Aminona SA, the company that controls and operates the lifts and supporting mountain operations at Crans-Montana.
The purchase is part of an ongoing growth strategy which is simultaneously focused on both European…