July 12, 2006	Wednesday	Jumadi-ul-Sani 15, 1427

PARIS, July 11: The board of Eurotunnel, the company that runs the rail tunnel linking France and Britain, met with creditors on Tuesday to try to restructure its huge debt and avert a crisis by a deadline of midnight on Wednesday.

To avoid declaring bankruptcy, Eurotunnel hoped to convince creditors to agree to restructuring its massive debt of 9 billion euros ($11.5 billion) and draw up a refinancing plan.

Eurotunnel board members would “probably” meet again on Wednesday, regardless of the outcome, a spokesman for the company said.—AFP