Euro Disney shares plummet

8th February 2005, Comments 0 comments

PARIS, Feb 8 (AFP) - The price of shares in Euro Disney slumped by 11.76 percent to EUR 0.15 in trading here on Tuesday shortly before an offer for a capital increase closed.

PARIS, Feb 8 (AFP) - The price of shares in Euro Disney slumped by 11.76 percent to EUR 0.15 in trading here on Tuesday shortly before an offer for a capital increase closed.

The capital increase on a basis of shares issued at 0.09 euros and launched on January 31, was to end later in the day.

When the issue was launched the shares had surged by 16.67 percent in initial trading to EUR 0.14.

The issue is the last stage of a rescue refinancing for the company.

The Walt Disney Company has said it will subscribe for 1.11 billion shares and Saudi Prince Alwaleed bin Talal, an important shareholder, was to acquire 217.3 million shares.

© AFP

Subject: French News

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