U.s. media group Walt Disney takes an ever firmer grip on the Disneyland amusement park outside Paris (formerly Euro Disney). Walt Disney has bought a nine per cent shareholding from the saudi conglomerate Kingdom Holdings.
Disney, which now owns 85.7% of the shares additionally offer two euros per share, equivalent to 18 million, for the remaining shares. If you manage to achieve 95 per cent possession is the intention to delist the shares from the Paris stock exchange, writes the company.
the theme park has over several years struggled with heavy debt and had all of the optimistic hopes regarding the visitor figures.
the Park, however, report an increase in turnover of five per cent for the first quarter, October to december 2016, in the split financial year. The total turnover was eur 354 million, the equivalent of 3.3 billion Swedish kronor.