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Security restricts Tunnel’s potential
By Railway Gazette International and rah/mph1998-05-01T10:00:00
EUROTUNNEL’s financial restructuring was finally completed on April 8, 30 months after the company suspended interest payments on £8bn of bank debt. Executive Chairman Patrick Ponsolle said ’restructuring provides financial stability for the years to come’, but warned that ’this in itself is not sufficient’. The first quarter of 1998 ...
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