Dear visitor,
The major steps of the backup plan has been implemented successfully and its performance confirmed by decision of the Commercial Court December 23, 2008.
Most big investors have sought conversion of their shares in SDES and final tranche of NRS 1 and the residual BSA will be converted by June 2011.
In the opinion of many, the situation is now sanitized EUROTUNNEL: debt under control, simplifying the capital realized, will and strategy development clearly displayed.
The time has come for us to put the word END to this blog. We hope to have achieved our goal: to provide the explanations necessary to understand the plan and useful information about the company.
the occasion of the fence, we wanted to meet one last time Mr Gounon and a brief overview of the situation.
Creators
. Results
He declined to disclose the results T3 or give some indication of the trend, but noted that 2009 was a difficult year but went back GET gently sloping.
We will set Oct. 20.
. During the fellowship
Entering GSIP capital stake of 21% and the purchase of VEOLIA Cargo appear to have acted as a trigger on the share price of Eurotunnel. On 1st September the course ranged € 4.20 to close it now above € 7.30.
The company is no longer regarded as a dealer in trouble tunnel. She became a "player" in the railway with a real strategic ability. This position was considered most appropriate in conjunction with the launching of the railway from the government.
. External growth
Buying VEOLIA CARGO France will be effective from 1 January 2010.
Unions have voted for this acquisition and seem relieved not to fall under the control of the station. The staff expressed general satisfaction insofar as the activity is complementary to that of EUTL and does not represent a threat to employment.
The cost will not revealed until early 2010 but Mr Gounon said that the conditions were very attractive in terms of including materials recovered for GET representing a doubling of its fleet of locomotives. This acquisition
whose full effects are expected to mature in 3 years EUTL offers a tremendous growth accelerator, and in terms of profitability - the case of an industrial society - an operating margin of around 5%.
HS1: the British government has confirmed its willingness to sell the line and that of Mr Gounon its acquisition by GTE. However, the conditions of the sale are still not known which makes it impossible for any study of GET financing.
The interest is to GET such a decision has been developed on various occasions.
Since 2008, EUTL expressed interest in HS1, it should be noted that since then, the European Commission has cleared the British government to provide financial assistance details of which are included in the article, a result , HS1 is more debt and tolls will be revised downwards This decision will be beneficial for competition and for consumers through the liberalization of international rail transport of passengers, to be held in 2010.
Certainty: GET do not overpay and is supported in this project by investors LT pushing for purchase.
. Competition
With activity buses (including Mr Gounon recalls that they form an inseparable whole operation of the fixed link and not subject to any regulation, which allows complete freedom to set rates) EUTL competition ferries on short-chain transport and in-time deliveries.
With the acquisition of Veolia Cargo France, EUROPORTE2 (EP2) will compete on long strings.
GET hopes to take the ferry sandwich and snack market share at both ends which will increase its rates.
About shuttles, Mr Gounon said that the experiment conducted on the movement of shuttles ½ proved conclusive in terms of savings (energy, maintenance, wear). It will be developed to manage traffic on weekends.
. Infrastructure
As stated in the note of Mr. COART, director of EP2 EUTL carries ambitious plans for freight. Mr Gounon wants so that GET be consulted as part of the renovation program of rail infrastructure provided by government and can make his ideas, especially for the creation of a rail connection between Lille, Calais and Dunkirk to route goods to England.
. Governance
Arrival in force in the capital, the GSIP (21%) said it would request the appointment of 1 or 2 directors. Mr Gounon
estimated 11 the ideal number of members for the proper functioning of the Board of Directors. He considers a major weakness of the small number of British personalities who are a part.
. Sangatte and the IGC
negotiations with the English state in the case being Sangatte remained stalled, the file restarts before the Tribunal.
also EUTL being the only company to finance her own supervisor, Mr Gounon is considering an action before the European Court of Justice.
continued ...
. The future
A priori, no obstacles through restructuring, the company's vision is radically altered; EUTL no longer perceived as a company "toxic" but as a good investment for both the individual and for institutional.
Enhancement Course is expected to grow through prudent acquisitions and ability to be controlled ... It is running! Fighting
and continuous improvement ... Mr Gounon said he is ready but it needs strong support from shareholders ... ours will do her no wrong!
END .... Unless new importance to share with you
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