There was a time where this could go unsaid.
Connection of loopcapital and alaweed bin talal
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Walt Disney Co (DIS) Moves to Further Consolidate EDL: Loop Capital Markets
Published By News Desk at February 13, 2017 01:33 pm
>The deal does not impact DIS' overall exposure to EDL, which remains at 9.7% of Park revenues
>During market activity on Friday, Walt Disney Co (NYSE:DIS) announced a transaction in which it will increase its stake in Euro-Disney (EDL-โฌ2.00:NR) from 76.7% to 85.7%, essentially buying in the incremental 9.0% lift from Kingdom Holding Company (SAR-11.25:NR), which prior to the deal was a 10% holder of EDL. Kingdom Holding is Saudi Prince Al Waleed Bin Talal's publicly-traded LLC. Shares of EDL on EuroNext Paris rose 66.67%, or โฌ0.80/share, on the news. The deal does not impact DIS' overall exposure to EDL, which remains at 9.7% of Park revenues.
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