Seven other localities spend under the cap region of Valle d'Aosta''

'' fact'' got the green light from authorities and the Competition of Market to'' purchase by Finaosta seven other company facilities, "'' The operation does not lead to the creation or strengthening of a dominant position in the market concerned, which could eliminate or substantially reduce competition and durable. "After the operation'' Finaosta will own nearly 10% of the turnover of Italian ski resorts, however, observes the guarantor ,'' the task is to move away from a situation of joint control of the region (through Finaosta) and local authorities to control exclusively by the Region and therefore does not seem to cause a substantial modification of the competitive structure of the market.

Finaosta SpA, the Budget of the Region of Valle d'Aosta, acts as an instrumental entity of'' regional administration in order to promote the socio-economic development of the region. In particular, the company is investments in capital or grant funding as part of the energy, real estate and tourism. Within the tourism sector, with specific reference to the management of lifts in ski areas and provision of complementary services Finaosta is currently a shareholder of the following companies: Cervino SpA, SpA Pila, Monterosa SpA, lifts Piccolo San Bernardo SpA, SpA White Tops, Ski Mont Blanc SpA, Courmayeur Mont Blanc Ski Resort Spa Subject

acquisition are the following companies, all active in management of the lifts in the ski
and provision of additional services: 1
. Chamois Systems S.p.A. is a corporation whose capital stock is currently owned as to 48.2% and 48.6% from Finaosta Chamois, with a residual equity of several small shareholders. The turnover of Chamois in 2011 is about 680,000 euros;
2. Ski lifts Champorcher S.p.A. is a corporation whose capital stock is currently owned as to 47.76% and 33.5% from Finaosta Champorcher by the City, with a residual equity of several small shareholders. The turnover Champorcher in 2011 is about 750,000 euros;
3. Cable cars Gran Paradiso SpA is a company whose share capital is currently owned as to 49% and 51% from Finaosta Municipality of Cogne. The Gran Paradiso turnover in 2011 is about 670,000 euros;
4. Company Lifts Torgnon SpA is a corporation whose capital stock is currently owned as to 49% and 45.6% Finaosta by the City of Torgnon, with a residual equity of several small shareholders. The turnover Torgnon in 2011 is about 1.5 million euros;
5. Grand Saint-Bernard S.p.A. is a corporation whose capital stock is currently owned as to 49% by Finaosta, 25.2% from the Municipality of Saint-Rhemy-En-Bosses and 10.1% by the Municipality of Saint-Oyen, with a residual equity of several small azionisti.Il turnover Grand Saint-Bernard in 2011 has paid about 570,000 euros;
6. Increased Tourist Company Winter Brusson SpA is a company whose share capital is currently held by Finaosta for 48.4%, 42.5% by the City of Brusson and 6.3% by the Community ; Evançon Montana, with a residual equity of several small shareholders. The turnover Brusson in 2011 is about 356,000 euros;
7. Public Company Gressoney to increase tourist SpA is a corporation whose capital stock is currently owned as to 49% and 50.5% Finaosta by the City of Gressoney, with a residual equity of several small azionisti.Il Gressoney turnover in 2011 of about 497,000 euros.