Key Developments: Groupe Eurotunnel SA (GRPTF.PK)
8.11USD
17 May 2013
$-0.23 (-2.76%)
$8.34
$8.11
$8.11
$8.11
160
592
$8.79
$6.73
Latest Key Developments (Source: Significant Developments)
Groupe Eurotunnel SA Announces FY 2012 Dividend Approval
Groupe Eurotunnel SA announced that shareholders have approved the distribution of a dividend of EUR 0.12 per share for full year 2012, a 50% increase of last year's dividend. Full Article
Groupe Eurotunnel SA to Propose FY 2012 Dividend
Groupe Eurotunnel SA announced the 50 % increase in the fiscal year 2012 dividend to EUR 0.12 per share to be proposed at the Annual General Meeting on May 15, 2013 (EUR 0.08 in the fiscal year 2011). Full Article
Groupe Eurotunnel SA Releases Statement Following the Competition Commission's Findings on Maritime Activity MyFerryLink
Groupe Eurotunnel SA announced that the Competition Commission has stated in its provisional findings that Groupe Eurotunnel's new maritime proposition could lead to a reduction in competition across the Channel and has provisionally concluded that it will be necessary that MyFerryLink is withdrawn from the market. The Company contests this analysis and has sent its own observations to the Competition Commission. Amongst other things, the Company stated that the acquisition was approved by the French Competition Authorities with certain restrictions, in particular the requirement not to market a bundle of Tunnel/Ferry options. In addition, the Company considers the maritime activities of MyFerryLink to be complementary to those of Le Shuttle, particularly with regard to traffic which cannot be transported through the Tunnel, and to offer an alternative to its customers in the event of its own infrastructure being unavailable. The Company also stated that it does not envisage the activity putting the two incumbent operators at risk, and that in contrast to the Competition Commission, it considers that it has increased competition in the ferry market. Full Article
Groupe Eurotunnel SA Chosen as Concessionaire for the New International Golf Resort, Eco Village and Seafront Spa at Sangatte-Bleriot
Groupe Eurotunnel SA announced that it has won the tender organized by the Sangatte local council to create a new golf club and spa resort on the Channel coast. Groupe Eurotunnel SA, which owns part of the land to be used for the project, has created a subsidiary called Euro Immo GET and has called on the project management resources of ADEVIA, which has experience in the construction of Eco villages and the technical aspects of development projects. The 160 hectare project, which was presented at MIPIM (the international construction trade fair held in Marseille), is made up of a golf course inspired by Kyle Phillips, 40 hectares of residential accommodation (more than 500 homes, 90 villas and 180 apartments), a spa, retail zone and ancillary services (1600 square meters). The financial terms of the deal were not disclosed Full Article
Groupe Eurotunnel SA to Challenge Competition Commission's Provisional Findings
Groupe Eurotunnel SA announced on February 19, 2013 its provisional findings in relation to the acquisition by GET SA of assets previously owned by SeaFrance and the creation of a new competitor in the cross-Channel market, MyFerryLink. Eurotunnel is not surprised at the position of the Competition Commission, but will challenge the provisional findings which conclude that the addition of the new operator, MyFerryLink, would be detrimental to competition and could lead to an increase in prices. Eurotunnel contends that, since the favorable opinion given by the French Competition Authorities in 2012, it would appear the existing ferry operators in the Short Straits market have sought to use the process initiated by the British Competition Authorities to protect their own interests from new entrants and increased competition. Eurotunnel considers that the acquisition of the ex SeaFrance ships, nine months after that company ceased all operations, and the creation of a new competitor in the cross-Channel marketplace, MyFerryLink, constitutes an increase in competition and brings additional choice for customers. Full Article
Groupe Eurotunnel SA and Alstom SA Organize Prima II Locomotive Tests Inside the Channel Tunnel
Groupe Eurotunnel SA (Eurotunnel) announced that having obtained, in July 2012, that the Technical Specifications for interoperability should be applicable to freight trains travelling through the Channel Tunnel, tests on the new generation Alstom SA's Prima II locomotives were conducted overnight between 29 and 30 September, 2012 in order to check compatibility with Channel Tunnel systems and safety standards. For this first test, a Prima II locomotive, in standard configuration and hauling wagons with a total weight of 950 tons, entered the Tunnel via the French portal at 22:20 before conducting a series of traction, brake and pantograph tests. Exiting the Tunnel at Folkestone at approximately 03:00, the train then departed for a second series of tests on the return journey to France, ending at approximately 06:00. The tests are in line with Eurotunnel’s ambition to enable the development of standard rail freight services between the UK and continental Europe, that is to say, without the obligation to use the specialized Class 92 locomotives. Prima II can run along all the European freight corridors. Full Article
Groupe Eurotunnel SA Opens New Passenger Terminal Victor Hugo, Folkestone
Groupe Eurotunnel SA announced that it has opened its new passenger terminal Victor Hugo located in Folkestone (Kent), dedicated to 10 million passengers per year. Full Article
Groupe Eurotunnel SA's Europorte Secures Contract To Manage Railway Infrastructure At Port Autonome de Strasbourg
The Port Autonome de Strasbourg has chosen Europorte, the rail freight operating subsidiary of the Groupe Eurotunnel SA to manage railway operations and to maintain its railway infrastructure for a period of five years. Full Article
Groupe Eurotunnel SA Announces Launch of New Mobile Telephone And Internet services In Channel Tunnel
Groupe Eurotunnel SA announced that it has launched mobile telephone and Internet services in the Channel Tunnel so passengers will be able to telephone and connect to the internet inside the Channel Tunnel. Full Article
Groupe Eurotunnel SA Issues Further Information About FY 2011 Dividend Payment
Groupe Eurotunnel SA announced that it its Board of Directors has decided a fiscal year 2011 dividend payment of EUR 0.08 per share. The dividend was paid on May 25, 2012, for a total amount of EUR 44.1 million. Full Article
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