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Shareholders issue writ over Eurotunnel debt

A group of Eurotunnel shareholders has filed a writ against an unnamed party, known only as "X", for issuing false and deceiving information and driving the company toward bankruptcy.

The shareholders, which are members of Adacte, the group representing some of Eurotunnel's thousands of small shareholders, allege that a portion of Eurotunnel's debt, known as FLF2, was created during the company's last debt restructuring to mask Eurotunnel's true financial situation..

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