Euro Disney SCA has announced it is aware of a reported “unfriendly takeover offer” by Switzerland-based Center Tainment, but said it has been “unable to secure material information on the company”.
In a statement, Euro Disney, which owns and operates Disneyland Resort Paris, said: “The management of Euro Disney remains focused on its daily operations as well as its long term growth strategy and is committed to building on the progress achieved this past year.”
It was reported last week that Center Tainment, which has been listed on the Frankfurt stock exchange since September, had unveiled plans to launch a bid to acquire at least 50.01 per cent of Euro Disney’s shares for 11 cents (euro) each.
Little is known about the company and its backers, but it was allegedly formed in order to pursue the Euro Disney takeover.
Walt Disney Co, through a wholly-owned subsidiary EDL Holding, owns 40 per cent of Euro Disney and Saudi Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud owns a further 10 per cent.
