Bankers Start Debt Talks

The six-strong steering committee will present the deal to the next tier of 26 instructing banks who represent the rest of Eurotunnels 225 bank creditors. Its going to be mainly an information meeting at this stage although many participants will be very clear on what they can and cannot accept, said one banking source. The steering committee reached agreement with Eurotunnel earlier this week on a restructuring plan designed to ensure the companys long-term future and reach a solution to its gargantu a