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NEWS
Disney taking full ownership of Euro Disney with planned delisting
POSTED 14 Jun 2017 . BY Tom Anstey
Crossing the 95 per cent ownership threshold means Disney can now force a mandatory buyout of remaining shares Credit: Z1008 Jens Kalaene/DPA/PA Images
Disney has once again upped its stake in Euro Disney, increasing total ownership of Disneyland Paris to 97.08 per cent ahead of a planned stock market delisting.

The company is looking to regain full control of its Paris park, which despite being Europe’s most visited attraction has struggled financially in recent years, with the company carrying out a €1bn (US$1.06bn, £852m) restructuring of its debt in 2014.

Under the rules of France’s stock market, crossing the 95 per cent ownership threshold means Disney can now force a mandatory buyout of remaining shares, with the planned delisting to take place on 19 June.

“The mandatory buy-out will apply to all Euro Disney’s shares that the bidders do not own – 22,661,121 shares on the basis of a share capital of 783,364,900 shares,” said a statement.

“Euro Disney's shares will be delisted on 19 June 2017 after the closing of the markets, the date of implementation of the mandatory buy-out.”

Disney issued a rights issue open to all investors in 2015, with its third-largest stakeholder Invesco selling its 6 per cent stake in the business. At the time Disney owned 39.8 per cent of the park’s shares. In February, Disney increased its share to 85.7 per cent, with the purchase representing 90 per cent of Saudi Prince Alwaleed Bin Talal's Kingdom Holding’s shares.

Former Euro Disney president Tom Wolber, blamed a “continued economic softness, notably in France” on poor figures. The company and wider France have since struggled off the back of a string of terror attacks, most notably the November 2015 Paris attacks, which created “challenging business conditions in France and throughout Europe,” according to Disney.
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  Theme Index: Disney dips as theme parks experience mixed year


Following a period of growth in 2015, the world’s top theme parks have experienced a mixed year, according to the latest edition of the TEA/AECOM Theme Index Report.
  Disney delivers 'the impossible' with debut of Avatar land at Animal Kingdom


Disney has celebrated the launch of its new Avatar land at Animal Kingdom with the operator marking the occasion by hosting a ‘Dedication of Pandora’ at the Orlando theme park.
  IPs and investment key to growing parks business, says Iger


Disney chair Bob Iger has said that the company must continue to incorporate its most popular IPs into its parks in order to help grow its business.
  Double digit growth for Disney as Shanghai boosts results for quarter


Disney’s parks and resorts have enjoyed another strong quarter, with the company experiencing double digit growth in operating profits to US$750m (€689.5m, £579.2m).
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The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
London Museum reveals 2026 opening date for new Smithfield home
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NEWS
Disney taking full ownership of Euro Disney with planned delisting
POSTED 14 Jun 2017 . BY Tom Anstey
Crossing the 95 per cent ownership threshold means Disney can now force a mandatory buyout of remaining shares Credit: Z1008 Jens Kalaene/DPA/PA Images
Disney has once again upped its stake in Euro Disney, increasing total ownership of Disneyland Paris to 97.08 per cent ahead of a planned stock market delisting.

The company is looking to regain full control of its Paris park, which despite being Europe’s most visited attraction has struggled financially in recent years, with the company carrying out a €1bn (US$1.06bn, £852m) restructuring of its debt in 2014.

Under the rules of France’s stock market, crossing the 95 per cent ownership threshold means Disney can now force a mandatory buyout of remaining shares, with the planned delisting to take place on 19 June.

“The mandatory buy-out will apply to all Euro Disney’s shares that the bidders do not own – 22,661,121 shares on the basis of a share capital of 783,364,900 shares,” said a statement.

“Euro Disney's shares will be delisted on 19 June 2017 after the closing of the markets, the date of implementation of the mandatory buy-out.”

Disney issued a rights issue open to all investors in 2015, with its third-largest stakeholder Invesco selling its 6 per cent stake in the business. At the time Disney owned 39.8 per cent of the park’s shares. In February, Disney increased its share to 85.7 per cent, with the purchase representing 90 per cent of Saudi Prince Alwaleed Bin Talal's Kingdom Holding’s shares.

Former Euro Disney president Tom Wolber, blamed a “continued economic softness, notably in France” on poor figures. The company and wider France have since struggled off the back of a string of terror attacks, most notably the November 2015 Paris attacks, which created “challenging business conditions in France and throughout Europe,” according to Disney.
RELATED STORIES
Theme Index: Disney dips as theme parks experience mixed year


Following a period of growth in 2015, the world’s top theme parks have experienced a mixed year, according to the latest edition of the TEA/AECOM Theme Index Report.
Disney delivers 'the impossible' with debut of Avatar land at Animal Kingdom


Disney has celebrated the launch of its new Avatar land at Animal Kingdom with the operator marking the occasion by hosting a ‘Dedication of Pandora’ at the Orlando theme park.
IPs and investment key to growing parks business, says Iger


Disney chair Bob Iger has said that the company must continue to incorporate its most popular IPs into its parks in order to help grow its business.
Double digit growth for Disney as Shanghai boosts results for quarter


Disney’s parks and resorts have enjoyed another strong quarter, with the company experiencing double digit growth in operating profits to US$750m (€689.5m, £579.2m).
MORE NEWS
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
London Museum reveals 2026 opening date for new Smithfield home
The London Museum’s new site will open in Smithfield, East London, on 28 November 2026.
Toverland unveils €98m expansion plan as park prepares to launch resort development
The Toverland theme park in the Netherlands has announced a €98m expansion programme that will add a resort, new attractions and staff facilities as it pursues plans to become a multi- day destination.
Butterfly sanctuary to host hot yoga during retreat at Jersey Zoo for Hotel de France
Hotel de France, located on the British Isle of Jersey, has created a wellness retreat package that includes a hot yoga session that will take place in Jersey Zoo’s butterfly sanctuary.
Warner Bros Discovery collaborates on upcoming Pompeii attraction
A new immersive attraction designed to transport visitors into the final hours of ancient Pompeii is preparing to open near the world-famous archaeological site in southern Italy.
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COMPANY PROFILES
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
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CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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