In the mid of year 2007 the chairman and CEO of Eurotunnel Group, having elected to file for bankruptcy under a newly-enacted French insolvency law, awaits the result of a vote by creditors and investors.
At least 50% of the shareholders must approve the strategy, however they face considerable dilution of their ownership interests in Eurotunnel. The chance that the company might have to be liquidated becomes increasingly likely, if the vote does not pass.
PUBLICATION DATE: March 03, 2009 PRODUCT #: 209113-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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