N said it would raise its holding in Euro Disney SCA EDLP. SE stake in the Paris Disneyland operator. The deal represents a 67 percent premium to the closing price of Euro Disney's shares on Thursday. Following the deal, Kingdom Holding's stake in Euro Disney will come down to 1 percent from 10 percent, Disney said.

After the completion of the voluntary tender offer, if Disney and its subsidiaries own at least 95 percent of Euro Disney's shares, it would promptly buy out and delist Euro Disney shares from the Euronext Paris stock exchange. Disney also reiterated its commitment to a 1.

Euro Disney's financial condition has been negatively impacted by the Paris attacks and tough business conditions throughout France and Europe in , Disney said.

Euro Disney has been reeling under increasing losses, with annual net loss widening to million euros in from million euros in Reuters is the news and media division of Thomson Reuters.

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Tom Hardy poses with Mickey Mouse at Disneyland Paris | Daily Mail Online

Pictures Home The Wider Image Photographers Focus Walt Disney raises stake in Paris Disneyland operator to Business News Fri Feb 10, 4: Characters of Star Wars take part in an event held for the release of the film ''Star Wars: The Force Awakens'' in Disneyland Paris in Marne-la-Vallee, France, December 16, Also In Business News. The Thomson Reuters Trust Principles. Next In Business News. From Around the Web Promoted by Revcontent.

Disney looks to take full ownership of Disneyland Paris

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