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Compagnie des Alpes (CDA) has been informed by German authorities that representatives of One World Group, the purchaser of the Fort Fun amusement park (see "Related articles" section below), were suspected of producing false documents concerning the bank guarantee associated with payment of the balance of the transaction price (€5.75 million), to take place on January 31, 2012.
To protect its interests on a precautionary basis, and by virtue of a provision specific to German law, CDA announces it has sent the buyer a notification of the revocation of the share transfer executed at the time of the transaction. Fort Fun will be thus reincorporated into the Group's scope of consolidation as of today, pending further information as to the outcome of this situation.
Meanwhile, CDA is continuing to explore all other means of legal recourse and settlement of the situation.
Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...
Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...
CORPORATE | Walibi Holland - Published on September 9, 2013