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MACQUARIE BANK PART OF GROUP BAILING OUT EUROTUNNEL OPERATORS.
MELBOURNE, June 1 Asia Pulse - Macquarie Bank Ltd (ASX:MBL) is part of a group that has put together a restructuring plan to bail out the debt-ridden operators of the Eurotunnel that connects England and France.
The Eurotunnel plan will slash its current debt from STG6.2 billion ($US11.64 billion) to just under STG3 billion ($A7.5 billion) which could see existing shareholders' stakes diluted to around 13 per cent.
According to a report in London's Daily Telegraph, Macquarie, along with Goldman Sachs and Barclays Bank, could end up as the senior shareholders.
Macquarie today said its Macquarie European Infrastructure Funds I and ...
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Source: HighBeam Research, MACQUARIE BANK PART OF GROUP BAILING OUT EUROTUNNEL OPERATORS.