Compagnie des Alpes CEO eyes stake sale well before year-end

PARIS, March 10 (Reuters) - French ski resorts operator

Compagnie des Alpes said on Friday it now hoped to

reach a deal before the end of the year to sell a stake in the

company to Chinese conglomerate Fosun and other

potential investors.

Chairman and CEO Dominique Marcel told the Boursorama

website that Fosun and other investors could take a stake of

"between 8 and 10 percent, possibly a little more".

"My goal is to reach a deal well before end-2017," Marcel


Compagnie des Alpes said in November it hoped to reach a

deal by end-2016 or early 2017.

Asked if a deal could be reached after the French

presidential elections, Marcel said "I hope so".

Fosun, already controls French holiday group Club Med, who

Marcel said was "the number one investor in the French Alps.

Compagnie des Alpes (CDA) operates 11 ski resorts in France

and 13 leisure parks in Europe, including Parc Asterix and the

Grevin waxworks museum in Paris. It is also seeking partners to

expand overseas in high-growth markets such as China.

State-owned bank Caisse des Depots (CDC), which is the main

shareholder of Compagnie des Alpes with a 40 percent stake, has

said it would stay as the reference shareholder in the company

and was "the guarantee" that would keep CDA anchored in France.

(Reporting by Dominique Vidalon; Editing by Elaine Hardcastle)