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Euro Disney restructuring becomes effective Feb. 23 with completion of share sale
By Ted A. Knutson
Washington, Feb.18 - Euro Disney SCA said its restructuring will become fully effective Feb. 23 following the settlement of the Paris amusement park operator's €253.3 million rights offering.
The offering, which gave provided existing shareholders the opportunity to purchase 2.8 billion new shares at €0.09 per share, was oversubscribed by 9%.
Marne-la-Vallee, France-based Euro Disney said proceeds from the sale will provide liquidity and capital for operations and growth.
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