Debt-laden Eurotunnel shares drop more than 10%

SHARES in Eurotunnel dropped more than 10% yesterday amid growing fears that creditors were preparing to take control of the business.

Analysts said speculation that British and French governments may urge banks to take control of the debt-laden Channel Tunnel operator was helping to unsettle investors.

According to reports, ministers are closely monitoring events at Eurotunnel after French investors ousted the board in a revolt last week.