Eiffage acquires €1.2bn shares in Channel Tunnel operator
The French construction company Eiffage announced the acquisition of a 13.71% stake in the Channel Tunnel operator Getlink (until November 2017 – Eurotunnel). Their cost amounted to almost 1.2 billion euros. It is reported by Railway Supply magazine with reference to zdmira.
Thus, taking into account the 5.08% stake in Getlink acquired in 2018, Eiffage now owns an 18.79% stake in this operator and becomes its largest shareholder.
Getlink manages and operates the infrastructure of the Channel Tunnel, including the Eurotunnel Shuttle for transporting vehicles, and receives fees from freight operators and Eurostar for the use of the tunnel.
Eiffage intends to become a long-term investor in Getlink and reserves the right to continue purchasing its shares subject to market conditions.
Eiffage has been involved in many railway projects in Europe, including the construction of the Channel Tunnel. It is the third largest company of its kind in France. Currently, Eiffage is involved in the construction of a 57.5 km long base tunnel, which forms one of the sections of the new line between Lyon and Turin, and the Grand Paris Express automated metro in the Île-de-France region.
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