Elevate Arena
Elevate Arena
Elevate Arena
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities

Disney taking full ownership of Euro Disney with planned delisting

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.

Sign up for FREE ezines, news alerts & magazines
Related news

Theme Index: Disney dips as theme parks experience mixed year

05 Jun 2017
Following a period of growth in 2015, the world’s top theme parks have experienced a ...

Disney delivers 'the impossible' with debut of Avatar land at Animal Kingdom

24 May 2017
Disney has celebrated the launch of its new Avatar land at Animal Kingdom with the ...

IPs and investment key to growing parks business, says Iger

11 May 2017
Disney chair Bob Iger has said that the company must continue to incorporate its most ...
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.
TAW,VAT
THUMB19721_954751.jpg

More News

1 - 15 of 69,578
03 Jun 2026
Four Seasons Resort The Nam Hai in Hoi An, Vietnam, has put together a Global Wellness Day (GWD) agenda with activations rooted in nature and ... More
03 Jun 2026
Lithuanian care operator Addere Care has launched a “wellness care hospital” in Vilnius. It's the company’s second Lithuanian site, following a hospital in Trakai, but ... More
03 Jun 2026
Australia’s fast-growing fitness network, Viva Leisure, is adding a low-cost gym brand to its already extensive portfolio. The Zoo Fit rollout starts  in July with ... More
03 Jun 2026
Speedflex has launched a strength training programme for 10 to 16-year-olds, to make it safer, more inclusive and more engaging. Built on the Speedflex training ... More
01 Jun 2026
Tewinbury Farm Hotel in Hertfordshire, UK is expanding its premium leisure proposition with the launch of Farm Club, on 15 June. Located 30 minutes from ... More
01 Jun 2026

Work is underway in Madrid on one of Europe’s most significant multi-functional complexes, combining sport, entertainment, culture and education.

The €800 ... More

01 Jun 2026
Rainer Maelzer, an experiential entertainment innovator, has been appointed chief entertainment officer by Therme Group.  With decades of experience in immersive water-based attractions, Maelzer will ... More
29 May 2026
PureGym is encouraging people to step away from their screens and go for a walk, in a new initiative timed to coincide with Mental Health ... More
29 May 2026
Small improvements to sleep, diet quality, and physical activity, made in combination lead to a significantly reduced risk of major cardiovascular events, including heart attacks ... More
29 May 2026

Movie Park Germany has opened a new Paramount Pictures-themed attraction as part of its 30th anniversary celebrations, using immersive storytelling and adaptive reuse ... More

28 May 2026
The Global Wellness Summit (GWS) will celebrate its 20th anniversary at the 2026 event in Phuket, Thailand, later this year with the theme: The Science, ... More
28 May 2026
Auko, an all-inclusive development, is opening in Phong Nha in Vietnam in Q3 2026, with a series of 30 tented eco-lodges and wellness hospitality operations ... More
28 May 2026
Therme Manchester’s 28-acre development, which will include interconnected glass pavilions that measure 65,000sq m, will be the largest bathing and wellbeing attraction in the world ... More
28 May 2026

Efteling has opened Hooghmoed, a new family drop tower designed to broaden the appeal of its recently launched Sirene Island themed area and ... More

28 May 2026
Naples Beach Club, a Four Seasons Resort, has opened a 2,800sq m spa called The Sanctuary, with the design and concept inspired by the Native ... More
1 - 15 of 69,578
Elevate Arena
Elevate Arena