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Eurotunnel moves ahead with debt restructuring

Eurotunnel moved ahead with its slated restructuring plan. Last week the company's bank creditors voted to write off a significant amount of debt under the French procedure de sauvegarde (safeguard procedure). The restructuring reduces the company's debt to GBP2.8 billion ($5.5 billion) from GBP6.2 billion.

Under the plan, the...

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