EUROTUNNEL has fired a warning shot across the bows of Deutsche Bank, one of its rebel creditors, which has proposed an alternative restructuring plan for the debt-laden Channel Tunnel group.
The Anglo-French company has turned to market regulators in France and the UK, asking them to look into the way Deutsche Bank has presented information to shareholders.
A Eurotunnel spokesman said: “If this is an orchestrated attempt to mislead people, it is very serious. We have asked the regulators to look at how they have conducted the presentation of their plan, to make sure it has not been proposed with the sole purpose of misleading shareholders.”
The company is particularly concerned that shareholders might be tempted to trade in Eurotunnel bonds in the hope of