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Eurotunnel unveils debt restructuring

By 2006-07-01T10:00:00

AFTER 10 months of tortuous negotiations, Eurotunnel Chairman Jacques Gounon was finally able to announce on May 31 that agreement had been reached with the Ad-Hoc Committee representing co-financier creditors on a debt restructuring plan that could avoid the company becoming insolvent in January 2007.

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