EUROTUNNEL's directors and the Channel Tunnel operator's 225 banks are frantically thrashing out a financial agreement to tackle its near £9 billion sterling of debts ahead of the company's annual meeting on Thursday. The City is becoming increasingly convinced Eurotunnel will agree to swap a proportion of its shares, probably 50 per cent, in return for wiping out some of the debt.
Talks on Eurotunnel
EUROTUNNEL's directors and the Channel Tunnel operator's 225 banks are frantically thrashing out a financial agreement to tackle…
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