Eurotunnel’s recovery quicker than expected

Eurotunnel has said it is on track to complete its financial restructuring sooner than anticipated and is now ready to start converting investors’ warrants to dividend-paying shares.

The operator of the rail link under the Channel had previously calculated that it would be 2011 before it generated enough earnings to convert the warrants which were issued to investors who took part in the 2007 rescue refinancing.

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tags: Economy, Eurotunnel