Tag Archives: Société des Bains de Mer de Monaco
Monaco – Société des Bains de Mer de Monaco confirms cost reduction plan
The Société des Bains de Mer de Monaco has finalised its cost reduction plan due to the coronavirus pandemic with savings expected to reach €18m a year. “As announced a few months ago, the health crisis linked to the Covid-19 epidemic and the economic shock caused has forced Société des Bains de Mer to accelerate…
Monaco – SBM raises €220m for Hôtel de Paris renovation
Monte Carlo operator Société des Bains de Mer de Monaco (SBM) has raised €220m through the sale of more than 6.3m shares at a price of €36.4 per share since February. The money will be used to finance two major construction projects in the Principality; the refurbishment of Hôtel de Paris and the demolition of…
