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BREAKING NEWS

Goldman Sachs is to be the largest single shareholder in Eurotunnel

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Goldman Sachs is to be the largest single shareholder in Eurotunnel

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A investment fund controlled by the US investment bank Goldman Sachs is to be the largest single shareholder in Eurotunnel.

Goldman Sachs Investment Partners will own just over a fifth of the shares in the company that operates the rail tunnel under the Channel between France and Britain. The American group obtained the shares as part of the debt for equity swap that enabled Eurotunnel to avoid bankruptcy. Eurotunnel lost eight million euros in the first half of this year with reduced earnings from a fire and the recession.