(Bloomberg) -- Eurotunnel averted bankruptcy as
shareholders of the operator of the rail link between France and
Britain overwhelmingly backed a debt reduction plan.
Investors agreed to exchange about 87 percent of the shares
of Eurotunnel SA and Eurotunnel Plc, the company's French and
British arms, for the stock of the reorganized company, France's
Financial Markets Authority said today on its Web site.
Read more at Bloomberg Bonds News
shareholders of the operator of the rail link between France and
Britain overwhelmingly backed a debt reduction plan.
Investors agreed to exchange about 87 percent of the shares
of Eurotunnel SA and Eurotunnel Plc, the company's French and
British arms, for the stock of the reorganized company, France's
Financial Markets Authority said today on its Web site.
Read more at Bloomberg Bonds News
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