According to the Daubé the Compagnie des Alpes is about to swallow another first tier French ski area, this time les Deux Alpes. It will buy 90% of Deux Alpes loisirs (DAL), the company that runs the ski lifts and apartments and mountain restaurants in the resort. Yesterday an extraordinary general meeting was held to distribute dividends to shareholds. The president of the DAL, Henri Brac de la Perrière, says that the CdA will not pay dividends in the future. The CdA has asked the mothership the Caisse des consignations et dépôts (CDD) and the Caisse d’Epargne Rhône-Alpes and the Banque populaire des Alpes to help fund the purchase.
The Dauphine Libere says that the current head of Serre Chevalier Valley, Mr Jean-Yves Salle, is in the frame to run the DAL in the short term.