Official Michael Fomkin Blog

  • 11:28:55 am on April 11, 2007 | 0

    Paris – Fifteen years after Disneyland Paris opened on a windy plain outside the French capital, it has become one of the top tourist draws in Europe but also a financial black hole.
     
    Riding over a wave of Gallic outrage at the American cultural “invasion,” the park opened its gates on April 12 1992 and some 175m visitors have since passed through them.
     
    But it has also lost hundreds of millions of euros and small investors who paid €11 a share when Euro Disney went on the stock market in 1989 now have stock worth about €0.09 each.

    Source: fin24.co.za

    Tags: stock | Park | Stuff | Paris | money | Michael Fomkin | Europe

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