Eurotunnel confirmed that it is in advanced negotiations with Goldman Sachs and Macquarie Bank over restructuring part of the €9bn ($11.3bn) of junior and senior debt it owes to investment bank creditors.

"Eurotunnel will keep the market informed of progress in these discussions and, in the event, of the conclusion of an agreement," a Eurotunnel statement said. Its shares were suspended pending the debt restructuring agreement.