KHC nets $61m from Euro Disney share swap deal
RIYADH, February 11, 2017
Saudi Arabia's Kingdom Holding Company, the investment firm owned by billionaire Prince Alwaleed bin Talal, said it has swapped nine per cent of Euro Disney company shares into Walt Disney Company while maintaining its one per cent direct ownership in EuroDisney SCA (Disneyland Paris) in a transaction valued at $151 million.
The KHC said the net profit gained from this transaction was $61 million.
This deal is in line with Kingdom Holding’s investment strategy and continued confidence in the Disney brand, said Prince Alwaleed.
"We continue to have confidence in Disney and remain committed to investing in France," he stated.
Founded in 1980, KHC is a publicly traded company, which was listed on Tadawul (the Saudi Stock Exchange) in 2007.
KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player regionally and internationally.-TradeArabia News Service