Groupe Eurotunnel S.A. (B): Restructuring under the Procedure De Sauvegarde

Posted: 4 Jun 2009

See all articles by Stuart C. Gilson

Stuart C. Gilson

Harvard Business School - Finance Unit

Vincent Dessain

Harvard Business School - Finance Unit; European Research Center

Sarah Abbott

Harvard University - Business School (HBS)

Date Written: March 3, 2009

Abstract

In mid-2007 the chairman and CEO of Eurotunnel Group, having elected to file for bankruptcy under a newly-enacted French insolvency law, awaits the outcome of a vote by creditors and shareholders. At least 50% of the shareholders must approve the plan, however they face significant dilution of their ownership interests in Eurotunnel. If the vote fails to pass, the possibility that the company may have to be liquidated becomes increasingly likely.

Suggested Citation

Gilson, Stuart C. and Dessain, Vincent and Abbott, Sarah, Groupe Eurotunnel S.A. (B): Restructuring under the Procedure De Sauvegarde (March 3, 2009). HBS Case No. 209-113, Harvard Business School Finance Unit Paper No. 1414404, Available at SSRN: https://ssrn.com/abstract=1414404

Stuart C. Gilson (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
(617) 495-6243 (Phone)
(617) 496-8443 (Fax)

Vincent Dessain

Harvard Business School - Finance Unit; European Research Center ( email )

Boston, MA 02163
United States

Sarah Abbott

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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