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Gounon challenges creditors to get real

By and RAH2006-05-01T10:00:00

AFTER MONTHS of largely fruitless negotiations on debt restructuring, Eurotunnel’s Executive Chairman Jacques Gounon threw down the gauntlet on April 12. He effectively challenged creditors holding £6·2bn of debt to settle on terms that would allow the company to operate profitably. The alternative was the uncertain prospect of trying to ...

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