Recapitalization

Financing

Recapitalization is crucial for a successful restructuring. Those responsible at Touristische Unternehmung Grächen AG are planning the following steps:

  1. Share capital cut of 90% (14.2 MCHF to 1.4 MCHF)
  2. 80% debt waiver on creditors and loans not secured by pledges (CHF 19.6 million to CHF 10.2 million)
  3. Recapitalization of at least CHF 6 million (the main shareholders have pledged around 40% of the required share capital. As there are currently no further pledges of share subscriptions on a larger scale, the missing 3.5 MCHF must be subscribed by the region, the population and second home residents).
Great effect

How we subscribe to shares and become part of the solution


The share subscription for the recapitalization begins on 5 March 2025 and ends on 30 April 2025. We can subscribe for shares using the enclosed subscription agreement or online. The nominal value of a share is CHF 1,000, which corresponds to the minimum subscription amount. Provided that the recapitalization goes ahead – but only then – the subscription agreement becomes legally valid and is deemed to be an acknowledgement of debt and an obligation to pay in the amount subscribed. The payment of the nominal value of the share can preferably be made directly by means of a one-off payment or in 2 or 4 annual tranches. With a one-off payment, we help TUG AG significantly, as capital is needed to secure liquidity and pay the estate dividend, especially in the first year.
Let’s subscribe for shares. A simple step with a big impact – every contribution makes a difference. Let’s talk about it in our environment, tell friends, acquaintances and all tradespeople in the region who care about Grächen. With our participation, we can strengthen, secure and further develop Grächen. Let’s do it together!

Credit to the respective capital increase amount

For every CHF 5,000 of shares subscribed, the shareholder is entitled to an annual subscription to the Grächen mountain railroads at a price of CHF 500.00 during the pre-sale period.

The current status is

Last update: 21.3.2025
Updated every 2-3 days

Secured2’100’000.00
Signed1’606’000.00
Donations14’788.00
Total:3’720’788.00

Drawing list

Ramon Zenhäusern

It would be a shame if there was no longer a ski area in Grächen. I spent many hours training on the Hannigalp, which helped me to achieve my successes. I wish you every success with your share subscription.

Ramon Zenhäusern
Ski racer

Martin Schürch

In the coming months, the future of the mountain railroad in Grächen will be a top priority. A successful, sustainable restructuring is crucial for the tourism industry, the municipality and the region. The support of everyone is necessary for this recapitalization to succeed. Everyone who is interested in tourism in Grächen should be aware of the urgency and actively help.

Martin Schürch
Mayor

Philipp Possa

Thanks to the debt-restructuring moratorium, TUG AG’s operations and in particular the 2024/2025 winter season have been secured. The task now is to implement the restructuring by means of sufficient recapitalization. The restructuring is absolutely essential in order to avert bankruptcy for TUG AG and to be successfully released from the debt-restructuring moratorium.

Philipp Possa
Trustee Transliq AG

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