Curse Of The Chunnel

A fire threatens to wreck the restructuring plan

The 10% plunge in Eurotunnel's share price since the Nov. 18 train fire draws only a shrug from Christian Cambier, the head of a shareholders action group in Paris. To him, the rush to dump Eurotunnel stock in the wake of the fire under the channel was just another in a long series of debacles that have beset the project. "We are used to it," says Cambier, who owns some 3,000 shares now worth $4,000.

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