Feb 10, 2017
Disney to buy most of Euro Disney
The US entertainment firm set up Euro Disney to run the Disneyland Paris resort, which opened in 1992. Disney said it would plough 1.5bn euros into the company and aims to buy out private investors, offering 2 euros per share. Before the latest announcement it owned 76.7% of Euro Disney. Kingdom Holdings will keep a 1% stake in Euro Disney, and if the remaining private shareholders agree to the latest offer, Disney will own the rest. Despite being the largest theme park in Europe, Euro Disney has recorded losses in 18 of its 25 financial years.
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