Eurotunnel, the Channel Tunnel operator, has today resumed crunch negotiations with investors over its €9bn ($11.5bn) debt restructuring ahead of a midnight deadline, after seeking court protection from its creditors during a day of talks yesterday.
The Anglo-French company met creditors in Paris in an effort to find a solution in the impasse over its financial restructuring, which has pitched a plan proposed by bondholders represented by the Deutsche Bank-led Arco group against a restructuring proposal approved by Eurotunnel's board.
