Euro Disney S.A.S. is a wholly owned subsidiary of

The Walt Disney Company The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on October ...

responsible for Disneyland Paris in

Marne-la-Vallée Marne-la-Vallée () is a new town located near Paris, France. Disneyland Paris, Walt Disney Studios Park, Val d'Europe, Université Paris-Est Marne-la-Vallée, ESIEE Paris, and École des Ponts ParisTech are located in Marne-la-Vallée. Statu ...

, France. Disneyland Paris comprises Disneyland Park,

Walt Disney Studios Park Walt Disney Studios Park ( French: ''Parc Walt Disney Studios'') is the second of two theme parks built at Disneyland Paris in Marne-la-Vallée, France, which opened on 16 March 2002. It is owned and operated by The Walt Disney Company through ...

, Disney Village, and seven on-site Disney Hotels.

Val d'Europe Val d'Europe (; lit. ''Valley of Europe'') is the eastmost part of the new town of Marne-la-Vallée, located around to the east of Paris, France. The Walt Disney Company created the town near Disneyland Paris resort. The final area of the district ...

is a new residential and shopping development. Another seven hotels/residences have been built not far from the two Disney theme parks on land held under Euro Disney SCA's lease, including properties from companies such as Holiday Inn,

Kyriad Groupe du Louvre is a French company, headquartered in Village 5, La Défense in Nanterre, France. Groupe du Louvre and Louvre Hotels Group was sold to Shanghai Jin Jiang International Hotels Development Co., Ltd. in 2015. The company was owned b ...

, MyTravel and

Radisson Hotels Radisson Hotels is an international hotel chain headquartered in the United States. A division of the Radisson Hotel Group, it operates the brands Radisson Blu, Radisson RED, Radisson Collection, Country Inn & Suites, and Park Inn by Radisso ...

. Prior to 2017, it was an publicly listed French company Euro Disney S.C.A. Since then has been de-listed and become a wholly owned subsidiary. Euro Disney S.C.A was a result of an agreement signed on 24 March 1987 between The Walt Disney Company and the French Authorities for the development of a new tourist destination, and construction began within a year. Since opening on 12 April 1992, the Resort has created more than 30,000 jobs (both directly and indirectly) in the region to the east of Paris. In 2012, it was the number one tourist destination in Europe with 16 million visits recorded. .

History

1980s

In May 1985, Disney Productions indicated that they would build a European Disneyland park with a location expected to be selected by September.Maclean's
July 8, 1985
Volume 98. Page 42. A letter of intent was signed on 15 December 1985 by CEO

Michael Eisner Michael Dammann Eisner (born March 7, 1942) is an American businessman and former chairman and chief executive officer (CEO) of The Walt Disney Company from September 1984 to September 2005. Prior to Disney, Eisner was president of rival film st ...

and then French Prime Minister

Laurent Fabius Laurent Fabius (; born 20 August 1946) is a French politician serving as President of the Constitutional Council since 8 March 2016. A member of the Socialist Party, he previously served as Prime Minister of France from 17 July 1984 to 20 Marc ...

in regards to building the theme park at

, France on 4400 acres.Time
December 30, 1985
Volume 126. Page 64. The theme park plans were approved by the

Île-de-France , timezone1 = CET , utc_offset1 = +01:00 , timezone1_DST = CEST , utc_offset1_DST = +02:00 , blank_name_sec1 = Gross regional product , blank_info_sec1 = Ranked 1st , bla ...

regional council on 11 July 1986.The New York Time
July 12, 1986
Page 34. The Walt Disney Company appointed Robert Fitzpatrick as Euro Disneyland president on 12 March 1987.The New York Times, 13 March 1987. Page D4. On 24 March 1987 Euro Disney signed an agreement with the French government.The New York Times
March 25, 1987
Page D3. Construction on

Euro Disney Resort Disneyland Paris is an entertainment resort in Chessy, Seine-et-Marne, Chessy, France, east of Paris. It encompasses two theme parks, resort hotels, Disney Nature Resorts, a shopping, dining and entertainment complex, and a golf course. Disney ...

began in August 1988.Disney Magazine, Fall 1997. Page 72. In February 1989, Euro Disney SCA was created to license The Walt Disney Company's intellectual property and run the French theme park.Disneyland Paris – In Brief
by ?, 1994. Euro Disney went public by trading on the Paris Stock Exchange on 8 October at US$14 a share with 42.9 million shares sold.The Keys to the Kingdom, by Kim Masters, 2001. Page 281. However, French communists pelted Eisner with eggs, flour and tomato sauce during the stock launch.

1990s

In 1990, The Disney Company issued US$2.25 billion in convertible bonds through Merrill Lynch to fund building Euro Disneyland .Forbes

Volume 146. Page 208. with an additional US$770 million in bonds offered by Euro Disney in October.
by Kim Masters, 2001. Page 281. The second international Disney theme park, Euro Disneyland, opens as part of

, France on 12 April 1992, with five theme lands: Adventureland, Discoveryland, Fantasyland, Frontierland, and Main Street plus Festival Disney resort area.The New York Times
April 13, 1992
Page A1.

2000s

In 2005, Euro Disney delisted from the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

2010s

In 2013,

Virginie Calmels Virginie Calmels (born 11 February 1971) is a French businesswoman and politician. She is the former chief executive officer (CEO) of Canal+ and Endemol. She was Alain Juppé’s deputy mayor in Bordeaux. She is also the regional councillor of N ...

became the chairman of Euro Disney's supervisory board. In 2015, the company was restructured with a $1.3Bn recapitalisation, The Walt Disney company injected EUR420 Million and converted EUR600 Million of debt into capital. The restructuring also came with a 9-to-1 rights issue, hoping to raise EUR351 Million In 2017,

offered an informal takeover of Euro Disney SCA, buying 9% of the company from

Kingdom Holding The Kingdom Holding Company (KHC) ( ar, شركة المملكة القابضة) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadawul (Saudi stock exchange). The KHC consists of a select ...

and an open offer of 2 Euro per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%. The Walt Disney company will also invest an additional 1.5 Billion Euro to strengthen the company. On 13 June 2017,

announced the offer was successful and they hold over the 95%, Euro Disney S.C.A was delisted on 20 June, falling entirely under Disney Parks, Experiences and Products for the first time in its 25-year history, making The Walt Disney Company the sole owners of the Disneyland Paris property.

Administration

* Présidente of Disneyland Paris – Natacha Rafalski ** Senior vice president, Commercial – Grégoire Champetier *** Boris Solbach – Vice President, Finance & chief financial officer ** Senior vice president, Operations & COO – Daniel Delcourt *** Angela Bliss – Vice President, Communications and Public Affairs *** Gilles Dobelle – Vice president, Legal ** Francesca Romana Gianesin – Senior vice president, Experience & Product Synergy & Integration

References

* Retrieved from

External links

Euro Disney SCA official site: English version

Disneyland Paris official site

Val d'Europe official site
{{Authority control Disneyland Paris Travel and holiday companies of France Walt Disney Parks and Resorts 2017 mergers and acquisitions