Eurotunnel deal on hold


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Articles: Eurotunnel deal on hold

Contributed by editor on May 19, 2006 - 12:14 AM



Channel tunnel operator Eurotunnel said it was postponing its mid May review as it continues debt talks with its creditors.

"The discussions are taking place with the creditors and the Goldman Sachs Macquarie consortium," said the group. "The possible enlargement of this consortium has led to the negotiations being prolonged."

Eurotunnel has requested that its shares continue to remain suspended o­n both the British and French exchanges to allow the discussions to continue.