Eurotunnel has requested that its shares be suspended today ahead of what it has called an "important" announcement.
Cheap4Ferries believes that the company will announce a rights issue to raise almost 1 billion Euros in capital from its shareholders. France's stock market is expected to approve the move.
Eurotunnel has been hampered by dangerously high levels of debt but last year carried out a complex restructuring plan which resulted in its debts being halved to almost 4billion Euros.
Following this restructuring Eurotunnel announced its first ever profits last year when it made 1 Million Euros. Eurotunnel said the figures proved that the company had "broken with its troubled financial past" as it bids to take on the ferry operators on the lucrative Dover- Calais, cross channel ferry route.
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