skip to main content

Eurotunnel's bid to settle debt problem

Eurotunnel, which operates the Channel tunnel, says it is trying to work out a debt restructuring deal with creditors and banking groups Goldman Sachs and Macquarie.

In a statement, Eurotunnel said the talks were intended to solve for good its debt of €9 billion.

Earlier in the morning the Euronext stock market had said that  trading in shares in Eurotunnel, which operates a rail-tunnel link between northern France and southern England, had been suspended at  the request of the financial markets authority pending an announcement. The announcement followed press reports about debt restructuring talks.

Last week Eurotunnel had said it was talking to creditors and to several investors potentially interested in restructuring the  company's total debt.