SAM Magazine—Durango, Colo., July 22, 2026—Mountain Capital Partners (MCP) has withdrawn its proposed acquisition of Chilean resort operator Andacor, ending a transaction that would have united four interconnected ski areas near Santiago under common ownership.
The proposed acquisition, announced in July 2025, would have added Andacor’s El Colorado and Parque Farellones to MCP’s existing Chilean holdings, Valle Nevado and La Parva, creating a network of more than 7,000 skiable acres. The transaction also included Andacor’s ownership interests in Pillán (Villarrica) and Volcán Osorno in southern Chile.
According to a joint statement from MCP and Andacor’s controlling shareholders, the companies withdrew the proposed transaction after Chile’s National Economic Prosecutor’s Office (FNE) determined the deal would require structural remedies, including the sale of one of the interconnected Tres Valles ski areas (Valle Nevado, La Parva, El Colorado) to a third party.
“Such measures are incompatible with MCP’s investment objectives and the parties’ goal of creating one of the world’s largest and most accessible mountain destinations,” the statement said.
MCP will continue to operate Valle Nevado and La Parva, while Andacor will retain ownership of El Colorado, Parque Farellones, Pillán, and Volcán Osorno.
“Our commitment to developing mountain tourism in Chile and the vision that has inspired this initiative remains fully in effect,” said the companies. “We are convinced that integration would have represented the best alternative for local consumers, for the national economy, and for the sustainability of ski centers.
“Nevertheless, we will continue working and investing in the development of our mountain centers and promoting initiatives that contribute to the ski industry, so that Chile fully leverages one of its greatest tourism potentials.”
A historic storm has dropped nearly 7 feet of snow on Valle Nevado and as much as 15 feet at other resorts in the region in the last seven days, transforming the Andes after a relatively dry start to the Southern Hemisphere winter season.
