Compagnie des Alpes and Banque des Territoires to acquire a 20% stake in Futuroscope from SEM Patrimoniale for $347m.

Compagnie des Alpes, a company that manages chair lift networks and ski slopes for ski resorts, and Banque des Territoires to acquire a 20% stake in Futuroscope, a theme park, from SEM Patrimoniale, a financial services company, for $347m. Compagnie des Alpes and Banque des Territoires will each acquire an additional 10% in Futuroscope. "We are particularly delighted that this project is coming together today. With the Vienne Department and the Caisse des Dépôts, via the Banque des Territoires, we share the same vision for the future of Futuroscope and our ambition is to maintain and consolidate the position of Futuroscope among the most attractive parks in France. Despite the major crisis we are traversing, Compagnie des Alpes intends to durably pursue its ambitious investment strategy in order to develop the appeal of its sites for the benefit of its clients and all stakeholders in the regions and countries where it operates," Dominique Marcel, Compagnie des Alpes Chairman and CEO.