Euro Disney S.C.A. Reports a Significant Real Estate Transaction
MARNE-LA-VALLEE, France, July 26, 2010 /PRNewswire-FirstCall/ -- Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associes S.C.A. ("EDA"), operator of Disneyland(R) Paris, announces a significant real estate transaction.
Under the 30 year main agreement signed with the French public authorities in 1987, the Euro Disney Group is responsible, together with the French public authorities, for the planning and development of approximately 2,000 hectares including and surrounding the Resort. This area includes the Val d'Europe region, an economic hub east of Paris.
In June 2010, EDA recognized EUR 47 million on the sale of the property underlying the Val d'Europe Mall to Klepierre and its partner, AXA (the "Buyers"). This property had previously been subject to a long-term ground lease between EDA and the Buyers.
Next Scheduled Release: Third Quarter Announcement on August 10, 2010 Additional Financial Information can be found on the internet at http://corporate.disneylandparis.com Code ISIN : FR0010540740 Code Reuters : EDL.PA Code Bloomberg : EDL FP
The Group operates Disneyland(R) Resort Paris which includes: Disneyland(R) Park, Walt Disney Studios(R) Park, seven themed hotels with approximately 5,800 rooms (excluding approximately 2,400 additional third-party rooms located on the site), two convention centers, Disney(R) Village, a dining, shopping and entertainment centre, and a 27-hole golf course. The Group's operating activities also include the development of the 2,000-hectare site, half of which is yet developed. Euro Disney S.C.A.'s shares are listed and traded on Euronext Paris.
Press Contact: Laurent Manolouglou, Tel: +33-1-64-74-59-50, Fax: +33-1-64-74-59-69, e-mail : [email protected]. Investor Relations: Olivier Lambert, Tel: +33-1-64-74-58-55, Fax: +33-1-64-74-56-36, e-mail : [email protected]. Corporate Communication: Jeff Archambault, Tel: +33-1-64-74-59-50, Fax: +33-1-64-74-59-69, e-mail : [email protected]
SOURCE Euro Disney S.C.A.
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