Eurotunnel Says Goldman Fund Becomes Biggest Investor (Update3)

Sept. 7 (Bloomberg) -- Groupe Eurotunnel SA, operator of the Channel Tunnel rail link between England and France, said a Goldman Sachs Group Inc. fund will become its biggest shareholder by swapping deferred equity securities for stock.

Eurotunnel rose the most in a month in Paris trading after the company, which is based in the French capital, said that the U.S. bank's infrastructure fund will exercise all of its certificates to take a 21.2 percent stake.

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Posted by rjorr at September 7, 2009 8:36 AM