Euro Disney Gets Financial Backing From Walt Disney
Euro Disney
Euro Disney, based in an eastern suburb of Paris, is 40 percent owned by parent Walt Disney
The plan includes a rights issue of 420 million euros open to all shareholders and backed by Walt Disney. The company said the move would improve the cash position of Euro Disney by about 250 million euros.
In addition, about 600 million euros of the group's debt owed to Walt Disney will be converted into equity, while credit lines extended to Euro Disney by its parent will also be consolidated.
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