News

Security restricts Tunnel’s potential

By rah/mph 1998-05-01T10:00:00

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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