Business · Companies · 16 hrs ago
Braunwald ski lifts remain closed after takeover offer goes unanswered
The ski lifts and mountain railways in Braunwald, in the Swiss canton of Glarus, will remain closed for now.
The main shareholder of Sportbahnen AG did not respond by the deadline to an offer from the group Bruuwald zäme.
The group, made up of local residents, holiday-home owners and small shareholders, said the offer was its last chance to save the coming ski season.
It offered 300,000 francs for the shareholder’s shares, on the condition that he agree to debt relief and pay short-term bills.
Sportbahnen AG’s shareholders decided in late August to shut down the operations after years of financial difficulties.
The company’s board said high costs and changing demand had made its business model unworkable.
Bruuwald zäme says it will continue talks and work with existing shareholders to address outstanding questions, including legal ones.
Braunwald’s ski lifts and mountain railways will remain closed for now after the main shareholder left a takeover offer unanswered.
The offer came from the “Bruuwald zäme” initiative, which said it was the last chance to save the coming ski season.
The offer was for Richi Bolt’s shares and was worth 300,000 francs, conditional on debt relief and the payment of short-term liabilities.
The initiative said it would continue dialogue and work with existing shareholders to address open questions, including legal ones.
The Sportbahnen AG general meeting decided in late August to suspend operations amid financial problems, high costs and changing demand.
- Who
- The main shareholder of Sportbahnen AG, Richi Bolt, and the “Bruuwald zäme” initiative, a group of local residents and holiday-home owners.
- What
- Bolt did not respond to the group’s takeover offer, and Braunwald’s ski lifts and mountain railways remain closed for now.
- When
- The offer deadline passed before the reports were published on October 11, 2026; the shutdown was decided in late August.
- Where
- Braunwald, canton of Glarus, Switzerland.
- Why
- The group said the offer was its last chance to save the coming ski season. The company had faced financial problems, high costs and changing demand.
Bruuwald zäme” initiative
Sportbahnen AG main shareholder Richi Bolt
Offer and closure
Bruuwald zäme” initiative
The initiative offered 300,000 francs for Bolt’s shares, subject to debt relief and payment of short-term liabilities, hoping to save the coming ski season.
Sportbahnen AG main shareholder Richi Bolt
Bolt did not respond to the offer before the deadline.
Next steps
Bruuwald zäme” initiative
The initiative said it would continue dialogue and work with existing shareholders to address open questions, including legal ones.
Sportbahnen AG main shareholder Richi Bolt
No view or next steps from Bolt are stated in the articles.
Wir suchen weiter den Dialog mit allen Seiten
Man akzeptiere diesen «(Nicht-)Entscheid»
Sportbahnen AG’s general meeting decided to suspend operations.
The deadline for “Bruuwald zäme”’s takeover offer passed without a response from the main shareholder.
The initiative said it would continue dialogue and take further steps with existing shareholders to address open questions, including legal ones.
- Offer value
- 300,000 francs
- Offer recipient
- Richi Bolt, main shareholder of Sportbahnen AG
- Offer condition
- Bolt was to agree to debt relief and pay short-term liabilities
- Location
- Braunwald, canton of Glarus
- Status
- Ski lifts and mountain railways remain closed for now
Sources
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