Andermatt Swiss Alps AG (ASA) continues to hold 40 percent of the shares, with the remaining five percent in free float. Together, the two partners intend to drive and accelerate the development of the „Prime Alpine Destination“.

Of the 149 million Swiss francs, 110 million will be invested in ropeways, snowmaking equipment, catering, leisure facilities and other infrastructure. This is intended to significantly improve the guest experience.

ASA had also previously earmarked 350 million Swiss francs for the development of its own core business. Now, the transaction proceeds will be used to invest a further 39 million Swiss francs in hotels, infrastructure and the expansion of Andermatt Reuss.