Pierre & Vacances, EuroDisney to set up holiday JV

[brisem]

Pierre & Vacances, EuroDisney to set up holiday JV
Fri Feb 9, 2007 12:01pm ET
Market View
PVAC (Pierre & Vacances )
Last: €100.70
Change: -0.20 (-0.20%)
Revenue (ttm): €1,414.4M
EPS: 8.40
Market Cap: €878.37M
Time: 11:34am ET
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Pierre & Vacances/EuroDisney vont créent les "Villages Nature"
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PARIS, Feb 9 (Reuters) - French holiday village developer Pierre & Vacances (PVAC.PA: Quote, Profile , Research) and EuroDisney (EDLP.PA: Quote, Profile , Research) will next Tuesday announce plans to build a new nature-based holiday park near Paris, according to a government news release on Friday.

It said the two companies aimed to join forces within a new company, Societes Villages Nature, to look into building the park on land currently reserved for the Disneyland Paris resort operated by EuroDisney near the French capital.

"Given the importance of this project for the economic and social development of the Ile-de-France (Paris region), the state is showing its interest for Villages Nature," the statement said.

"It intends to continue...a new stage of negotiations with Societes Villages Nature to define how to develop and realise this project," it added.



More details would be presented at a news conference at 1030 GMT on Tuesday, the statement said.


© Reuters 2007. All Rights Reserved.

 

[mharrington]

Oh, yeah, when we were in Paris in as part of an end-of-high-school trip to Europe in 2003, we stayed at a Pierre & Vacances.

 

[davewasbaloo]

Well obviously the feesibility study over the last 3 years went well. This is due to be built near Camp Davy Crockett and have fitness and craft facilities if it is like the original plans.

 

[benjhappy]

RANCH= campground
SPORT= Golf?
EAU= water (water front and warter park?)
TERRE= earth (farm- horse ride?)

:wave: