Front Page  -  Local News  -  UK News  -  BBC Kent News  -  Local Sport  -  Showbiz News  -  Advertise  -  Email News

 Letters  -  Comments  -  Local Directory  -  Calendar  -  Traffic  -  Contact Us  -  Sitemap  -  About Us

Articles | News

Articles: Eurotunnel could go down under

Contributed by editor on May 17, 2006 - 07:29 PM

News

 

EUROTUNNEL COULD GO DOWN UNDER

Australia's largest investment bank has raised a $700 million war chest, fuelling speculation it will buy cash strapped Eurotunnel.

Macquarie Bank shares were frozen at $69.65 on Monday night as rumours circulated the bank might join Goldman Sachs to buy Eurotunnel. The bank sought a trading halt to announce a capital raising, but it has not said how the money will be used.

Chief financial officer Greg Ward said the money "would be used to facilitate the growth of the bank's international expansion opportunities".

The bank has built its reputation by holding assets on its balance sheet for minimal time before placing them in funds. Fees generated by the funds' performance have fed the bank's growth. But chief executive Allan Moss said on Tuesday more assets would sit in unlisted funds and the bank would use more of its own money to fund deals.

 


Local News

Local Sport

UK News

BBC Kent News

Letters to the Editor

Readers Comments

Showbiz News

Events Calendar

Local Directory

 

Site Search

Contact us

Advertise

 

 

 

Daily News to Your Email

About us

Site Map

 

 

Commenting - House Rules

Terms and Conditions

Privacy Policy

 


© 2015 Hawkinge Gazette. RSS RSS | Atom Atom | Terms of use | Contact | Zikula | Contact us

 

The Hawkinge Gazette is not responsible for the content of external sites