Publication - Corporate report

Highlands and Islands Enterprise: financial management review of Cairngorm Mountain

A review of Highlands and Islands Enterprise’s handling of its engagement with Natural Retreats in relation to activity on Cairngorm Mountain.

Annex B – transaction structure

Source: HIE

Summary of key contractual relationships
Name of Document	Between	And
Share Purchase Agreement	Highlands and Islands Enterprise	Natural Assets Investments Limited
Lease	Highlands and Islands Enterprise	Cairngorm Mountain Limited
Operating Agreement	Highlands and Islands Enterprise	Cairngorm Mountain Limited
Guarantee	Natural Assets Investments Limited	Highlands and Islands Enterprise
Guarantee	[REDACTED]	Highlands and Islands Enterprise

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