Key Developments: Groupe Eurotunnel SA (GRPTF.PK)

GRPTF.PK on OTC Markets Group - US Other OTC and Grey Market

7 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Groupe Eurotunnel SA approves payment of financial dividend
Tuesday, 22 Jul 2014 02:00am EDT 

Groupe Eurotunnel SA:Says that it has approved the payment of a dividend relating to the financial year ended Dec. 31, 2013, of 0.15 euro per share.Says this dividend was paid on May 28, 2014 for a total of 80.9 million euro (before 3 pct. tax on dividends amounting to 2.4 euro million).  Full Article

Groupe Eurotunnel expresses incomprehension regarding Competition Commission statement
Friday, 21 Mar 2014 06:55am EDT 

Groupe Eurotunnel SA:Says Competition Commission has reaffirmed its competence by considering that company took over SeaFrance and that this takeover falls under Merger Act.Competition Commission has thus concluded that it has no reason to change its opinion and that MyFerryLink must cease operations, even though it provides new and appreciated proposition for consumers.Groupe Eurotunnel expresses incomprehension regarding that statement and points out that decision of Competition Commission is completely contradictory to the one expressed previously by French competition authorities.  Full Article

Groupe Eurotunnel SA proposes FY 2013 dividend; issues FY 2014 EBITDA guidance below analysts' estimates; issues FY 2015 EBITDA guidance in line with analysts' estimates
Thursday, 13 Mar 2014 02:00am EDT 

Groupe Eurotunnel SA:Proposes FY 2013 dividend of 0.15 euro, up 25 pct from 0.012 euro in FY 2012.Sees FY 2014 EBITDA of 460 million euros.Sees FY 2015 EBITDA of at least 500 million euros.FY 2014 EBITDA 482.08 million euros - Thomson Reuters I/B/E/S Estimates.FY 2015 EBITDA 521.23 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

Groupe Eurotunnel SA announces ICG verdict on Channel Tunnel tolls
Thursday, 5 Dec 2013 01:58pm EST 

Groupe Eurotunnel SA:Says the Inter Governmental Commission ruled that Eurotunnel should be able to cover the long term costs of the Fixed Link via the access charges paid by the railway operators using the Channel Tunnel.Says the ruling followed a complaint by Eurostar.  Full Article

Groupe Eurotunnel says Competition Appeal Tribunal rejects decision by Competition Commission
Wednesday, 4 Dec 2013 06:40am EST 

Groupe Eurotunnel SA:Says Competition Appeal Tribunal has rejected the decision by the Competition Commission.Says the decision by the Competition Appeal Tribunal upholds the existing levels of competition and enables the company to continue to improve the range of services offered to customers and to pursue the activities of the cross-Channel operator, MyFerryLink.  Full Article

Groupe Eurotunnel SA to Appeal the Decision of Competition Commission Regarding Its Ferry Activity from Dover
Thursday, 6 Jun 2013 02:50am EDT 

Groupe Eurotunnel SA announced that it will immediately appeal the decision of the Competition Commission to prohibit the Company from operating a ferry activity from the port of Dover. The Company finds this decision incomprehensible and seriously disproportionate. According to the Company's statement, the decision is not based on any concrete facts, it is disadvantaging consumers, prohibits access to a port, deprives the Ports of Dover and Calais of additional revenues, ignores the ruling of the Paris Commercial Court linking the sale of the assets of SeaFrance with a requirement not to re-sell them for a period of five years and is in contradiction with the decision of the French Competition Authority.  Full Article

Groupe Eurotunnel SA Announces FY 2012 Dividend Approval
Wednesday, 15 May 2013 11:45am EDT 

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
Thursday, 21 Mar 2013 02:30am EDT 

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
Friday, 15 Mar 2013 03:45am EDT 

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
Thursday, 14 Mar 2013 05:38am EDT 

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

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