Crystal Mountain resort, which operates the world’s largest luxury ski resort, has come up with a new plan to take its shares back from a buy-out firm.
The company has started discussing a buyback, which would see it buy back the remaining shares from the resort’s board of directors.
Crystal Mountain has the largest ski resorts in Europe and is one of Europe’s top resorts.
Its board of governors said in November that it would sell its shares for €1.4bn to help the resort avoid insolvency and could sell its ski facilities for €500m.
However, it is not clear whether the buyback plan will be pursued.
Crystal’s board has said it is considering a buy back to help with its financial difficulties.
It will be the first time that a resort has made such a decision since the start of the financial crisis in 2009.