The refinancing deal to save Eurotunnel appears to have reached stalemate. Representatives of various debt holders cannot agree on who gets what share of the resturctured business.
The company's boss Jacques Gounon has claimed that the business has a value of £4 billion. However outstanding debt is £6.2 billion. Something has to give. Meanwhile Gounon is asking the French courts for Chapter 11 style protection.
Read more in the Daily Telegraph by clicking the post title.
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