October 6, 2014 / 6:47 AM / 5 years ago

Euro Disney says second-biggest shareholder yet to decide on rights issue

LONDON (Reuters) - Euro Disney EDLP.PA said its second largest investor, Prince Alwaleed bin Talal of Saudi Arabia, has yet to decide whether to take part in the 420 million-euro ($525 million) rights issue which it announced on Monday.

The company earlier said the rights issue, backed by Walt Disney (DIS.N), its biggest shareholder, with a 40 percent stake, as part of a 1 billion-euro refunding plan which also includes a debt restructuring.

The Saudi prince has a 10 percent stake.

“I spoke to the Prince this morning, he welcomed the transaction but he hasn’t yet taken a stand on which way he wants to go, he’ll be coming back to us in about a week’s time,” the group’s chief financial officer, Mark Stead, told Reuters.

Reporting by Kate Holton; Editing by Greg Mahlich

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