Is the light fading at the end of the Eurotunnel?


After weeks of uncertainty about the future of Channel tunnel operator Eurotunnel, the company has signed a preliminary agreement with creditors to enable it to restructure its £6.18 billion of debt and stave off bankruptcy. However, a group of bondholders have thrown a spanner in the works after rejecting the proposed plans that would leave them with 12p per pound of investment.

Eurotunnel signed the restructuring agreement with the ad hoc committee of creditors who hold about 50% of £6.18 b

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