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| French regulator confirms compliance of Groupe Eurotunnel offer The French financial markets regulator AMF confirmed compliance with applicable laws and regulations of the exchange offer to be launched by the new holding company, Groupe Eurotunnel SA (GET SA) for Eurotunnel Units. Eurotunnel Joint Board formally recommends to EPLC and ESA shareholders to tender their shares to the offer. The board has pointed out that if the offer fails, Eurotunnel could not continue as a going concern and would in all likelihood face insolvent liquidation. The initial acceptance period runs from 10 April until 15 May 2007 inclusive. For each Eurotunnel Unit tendered to the offer the holder will be entitled to one GET SA ordinary share and a warrant for GET SA ordinary shares. The acceptance threshold for the Offer is 60% of the outstanding Units. Eurotunnel manages the infrastructure of the Channel Tunnel and operates accompanied truck shuttle and passenger shuttle (car and coach) services between Folkestone, UK and Calais, France. Eurotunnel also earns toll revenue from train operators (Eurostar for rail passengers, and EWS and SNCF for rail freight) which use the Tunnel. Eurotunnel is quoted in London, Paris and Brussels. write your comments about the article :: © 2007 Construction News :: home page |