In Switzerland, Vail Resorts has found something similar to some of its United States properties in the recently linked ski areas of Andermatt and Sedrun.
Vail Resorts on Sunday, March 27, announced it is acquiring 55 percent ownership stake in Andermatt and Sedrun AG a massive ski resort which is the product of two existing ski areas recently joined. When the deal is finalized later in 2022, it will be Vail Resorts’ 41st ski area and its first in Europe.
The effort to link Andermatt and Sedrun began in 2007 with investment from Egyptian billionaire Samih Sawiris, whose Swiss-based firm Orascom Development put up very substantial financial backing to make the vision become a reality.
