Telenendaz Sells Stake in Verbier Lift Company
Burrus family buys Telenendaz share of company
Telenendaz has sold it's 10% share of Televerbier lift company to the Burrus family.
Through this acquisition, the Burrus family are now the largest shareholder of TeleVerbier. They will have a little short of a 30% stake in the lift company.
The transaction amount was not disclosed, but the market price was estimated at more than 11 million Swiss Francs. The Burrus family have stated there is no intention to take control of TeleVerbier, but are keen to co-ordinate efforts.
TeleVerbier are not phased by this buy-out as the Burrus family were already a chief stakeholder and a balance had already been found.
