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Getlink has noted Eiffage's announcement on October 26, regarding its acquisition of shares from TCI Fund Management. This deal aims to make Eiffage the largest shareholder with 18.79% of Getlink's capital. Jacques Gounon, Chairman of Getlink, expressed enthusiasm for Eiffage's increasing stake, viewing it as a continuation of their long-term interest since 2018. Getlink operates the Eurotunnel, facilitating significant trade between the UK and the EU, and is committed to environmental sustainability through various initiatives.
Positive
Eiffage aims to acquire 18.79% of Getlink's capital, establishing itself as the largest shareholder.
Eiffage has shown sustained interest in Getlink since 2018, indicating confidence in the company's future.
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None.
PARIS--(BUSINESS WIRE)--
Regulatory News:
Getlink (Paris:GET) notes the announcement, on Wednesday October 26, by Eiffage, that it had entered into the process of acquiring the shares held by TCI Fund Management Limited (TCI) with a view to becoming the Group's largest shareholder, with 18.79% of the capital.
Jacques Gounon, Chairman of Getlink stated: “This strengthening of the Eiffage position is the logical continuation of the interest they have shown in the very high quality Getlink asset since 2018. I am delighted to welcome Eiffage as a major shareholder and would like to thank TCI for having supported our strategic objectives and, in particular, for having provided such significant support for our positioning as an environmental investment.”
About Getlink
Getlink SE (Euronext Paris: GET) is, through its subsidiary Eurotunnel, the concession holder for the infrastructure of the Channel Tunnel until 2086. Eurotunnel operates Truck and Passenger Shuttle services (cars and coaches) between Folkestone (UK) and Calais (France). It provides the fastest, most reliable, easiest and most environmentally friendly way across the English Channel. Since its opening in 1994, more than 476 million people and 98 million vehicles have travelled through the Channel Tunnel. Carrying 25% of UK-EU trade, this unique land connection has become a vital link between the Continent and the United Kingdom. This performance is reinforced by ElecLink, the new electrical interconnector installed inside the Tunnel. Getlink’s sustainable mobility services offering is completed by its rail freight subsidiary, Europorte, which offers a wide range of integrated rail services. Committed to "low-carbon" services and reduced environmental impact (the Group prevents the equivalent of 2 million tonnes of CO2 emission per year through its activities), Getlink puts people, nature and territories at the heart of its concerns.
