MCH Group Ltd. | Projet d’intégration de Beaulieu Exploitation SA
| 12 May 2009 | |||
| Beaulieu Exploitation SA to be integrated in the MCH Group | |||
The MCH Group (formerly MCH Swiss Exhibition), on the one hand, and Beaulieu Exploitation SA and the Fondation de Beaulieu, on the other hand, – the operating company and owner of the Congress and Exhibition Centre Lausanne – have signed a letter of intent to integrate Beaulieu Exploitation SA in the MCH Group. The MCH Group is intending to expand its business activities in the French-speaking part of Switzerland in this way, while the status of Lausanne as an exhibition and congress location is enhanced at the same time. The operating company, Beaulieu Exploitation SA, is to be run as an independent company within the MCH Group, with a local management. The Congress and Exhibition infrastructure will remain in the ownership of the Fondation de Beaulieu, which will rent it out to Beaulieu Exploitation SA as in the past. The Fondation de Beaulieu is intending to invest some CHF 100 million in modernising the infrastructure over the next few years, with support from the public purse ("Beaulieu 2020" project). The political decision-making process should have been completed by the end of 2009. The successful implementation of this modernisation project is a prerequisite for the MCH Group's commitment in Lausanne. And, subject to the examination and negotiation process producing a positive result too, MCH Group AG will submit a takeover offer to the shareholders of Beaulieu Exploitation SA. These shareholders include primarily big companies from the region, as well as SMEs and small shareholders. "Integrating Beaulieu Exploitation SA will enable us to strengthen our business activity in the French-speaking part of Switzerland and expand our offerings on the Swiss market", explains René Kamm, CEO of the MCH Group. "We will be able to provide an infrastructure commensurate with the size of the location and the geographical catchment area in Basel, Zurich and Lausanne, and exploit a large number of synergies. We will then have a greater range to offer our customers, allowing them to work the Swiss market even more effectively and efficiently. "
Media Conference Media conference with representatives of the city and cantonal authorities, the Fondation de Beaulieu, Beaulieu Exploitation SA and the MCH Group:
Media contact MCH Group Ltd.
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