|
|
Article: Euro Disney Shares Drop After Debt Warning
- Article from:
- AP Online
- Article date:
- August 1, 2003
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
00-00-0000
Dateline: PARIS
Euro Disney SCA shares plunged as much as 23 percent before recovering
some ground on the Paris stock exchange Friday, a day after the European
theme park operator warned it would not meet its debt repayments as
first planned.
A weak European tourism market and the fallout from French labor strikes
have led to a drop in attendance and profits at Euro Disney's two
theme parks, the company said in a statement late Thursday.
Investors punished its stock in reaction. After a drop of 23 percent
in the morning, Euro Disney shares were down by 11.5 percent to euro0.58
(65 cents) in afternoon trading Friday. They had dropped as low as
euro0.47 (52 cents) ...