The company that runs the undersea tunnel between England and France will gain a large institutional shareholder for the first time in two decades after two funds managed by Goldman Sachs opted to convert their bonds in Groupe Eurotunnel into shares. The two funds, together known as Goldman Sachs Infrastructure Partners, would hold about 21.2% of Groupe Eurotunnel straight after the conversion, with the stake likely to fall to about 15.2% over a few years.

This entry was posted by Gwen Robinson on Tuesday, September 8th, 2009 at 4:45 and is filed under Capital markets. Tagged with goldman sachs, Groupe Eurotunnel. Edit this entry.