Finance: Euro Disney woes continue

Posted at 12:18 AM EDT (0418 GMT)

Jul. 26th, 2004 -- Sales figures that are expected to be released this week will more than likely not be good news for Euro Disney. Sales growth and visitor spending is predicted to be down in the third quarter.

The park is already 2.4 billion ($2.9 billion US) Euros in debt, and looking to restructure the debt. The companies second largest shareholder has yet to approve a rescheduling plan with only a week before the deadline. In order for the park to restructure it's debt, it needs shareholder approval.

For more information, see: Taipei Times