30th Mar 2006 16:40
Eurotunnel PLC/Eurotunnel S.A.30 March 2006 060330 30 March 2006 Eurotunnel to set up a services company under European Law: "Eurotunnel SE" Eurotunnel is setting up under European Law a SE subsidiary named "Eurotunnel SE", registered in Brussels. "Eurotunnel SE" aims to optimise the coordinationof commercial operations between Eurotunnel's existing subsidiaries currentlyestablished in five European countries (United Kingdom, France, Benelux,Germany, Spain). These subsidiaries currently market Eurotunnel freight servicesto road hauliers across the whole of the European Community. The creation of this new subsidiary should lead to the integration of theexisting subsidiaries, enabling Eurotunnel to simplify the legal structure ofthe Group and to achieve cost savings, while maintaining current commercialteams. The aim is to win new European customers through improved commercial efficiencyand a local marketing approach. The Channel Tunnel is a vital link to the European transport networkinfrastructure: of Eurotunnel's Truck Shuttle service customers, 55% are roadhauliers based in France or in the UK and 45% are hauliers based in Northern,Eastern and Southern European countries. For media enquiries contact John Keefe on + 44 (0) 1303 284491.Email: [email protected] www.eurotunnel.com Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromtrain operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eutelsat Com