Recapitalization of TUG Grächen AG
Winter operation is secured!
We are pleased to inform you that the debt-restructuring moratorium for Bergbahnen Grächen has been extended until 8 June 2026. This secures our winter operations and opens up promising prospects for the future.
Dear guests, dear service providers
Good news! We are pleased to inform you that the district court responsible has extended the debt-restructuring moratorium for Bergbahnen Grächen until 8 June 2026. The decision secures our winter operations and opens up promising prospects for the future. Following the successful recapitalisation, the extension of the debt-restructuring moratorium is a further and significant step in the restructuring process, while those responsible are continuing to work hard on a sustainable restructuring solution.
You can view the official press release on the ongoing reorganisation of TUG AG here.
In this context, we would also like to draw your attention to the current advance sale of the 2025/26 annual pass. This will last until 30 June 2025 – after that the regular sales prices will apply. The annual pass can be conveniently ordered online here.
We would like to thank you for your trust and solidarity with Grächen and wish you a wonderful summer season in our region.
Kind regards
TUG Team
Together for Grächen!
Grächen is more than just a place; it is our heart. This is where we are rooted, share memories and shape the future together. Despite challenges, Grächen has always made progress. We strive to be a vibrant, thriving place with a strong economy and community. Everyone’s participation is crucial to keeping Grächen and the region alive and securing jobs. Together we face challenges, support each other and work to stabilize the mountain railroads. In this way, Grächen will remain an attractive place to live and the Grächen – St. Niklaus vacation region a jewel among Swiss destinations.
The current status is
Last update: 31.07.2025
| Secured | 2’100’000.00 |
| Signed | 5’104’000.00 |
| Donations | 35’775.00 |
| Total: | 7’239’775.00 |
Strategic management
Board of Directors
Martin Schürch, member of the Board of Directors and Chairman of the Municipal Council, was appointed delegate for the recapitalization by the full Board of Directors of TUG AG.
without dismantling
Investment planning
Our investments focus in particular on the sustainable maintenance of existing facilities and the expansion of the snowmaking system. This measure ensures reliable snow conditions and a stable start to the season as early as December.
To ensure long-term attractiveness and economic stability, we rely on carefully considered investments. Every franc invested is used in a targeted and responsible manner to create real added value. Future investments must be economically viable, ecologically sustainable and guest-oriented. There will be no dismantling – adjustments will be made through innovative further developments that increase quality and attractiveness. Our aim is to find future-oriented solutions that guarantee the sustainable further development of our offering.
Situation and reality
Refurbishment
We are now on the arduous path of the debt-restructuring moratorium, which must be implemented consistently and without further discussion. The aim of the definitive debt-restructuring moratorium is to conclude a debt-restructuring agreement with a dividend settlement.
Recapitalization
Financing
Recapitalization is crucial for a successful restructuring. Those responsible at Touristische Unternehmung Grächen AG are planning the following steps:
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
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
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
Together for Grächen
Get active today and embark on an exciting journey to reach the destinations of Grächen.