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From Times Staff and Wire Reports
Traders Expect Further Euro Disney Loan Sales: European traders expect Euro Disney lenders to follow Midland Bank in selling part of their $3.4 billion in loans at a deep discount. Midland is expected to complete the sale of $22 million in Euro Disney debt for 60 cents on the dollar, traders said, as restructuring talks are about to begin. Walt Disney Co., which owns 49% of Euro Disney, has set a March 31 deadline for reaching an agreement with banks on restructuring the debts.
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