Disneyland Paris carried out a capital increase in the amount of 350 million euros at the end of May, subscribed by its American parent company, according to information from Echos confirmed to AFP on Monday by the tourist site.
The Walt Disney Company brought the operator 155 million immediately, the rest to be agreed within five years at most in one or more installments, according to the business daily, in which the management of the company justifies the operation as ” a classic internal financing operation “, due to a” short-term cash requirement “.
Recurring debt
Disneyland Paris, which had left the Paris Stock Exchange in June 2017 after a takeover bid by The Walt Disney Company, is due to reopen on July 15 with limited capacity, four months after closing due to the epidemic of Covid-19.
Euro Disney has contracted a large debt since its creation in 1992, and had already undergone financial restructuring operations in 1994, 2004 and 2015.
The leading private tourist destination in Europe, located in Marne-la-Vallée, has not communicated its number of visitors since 2015, the year when 14.8 million people visited the site.
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