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Article: INVESTOR WANTS TO SINK CASH INTO EUROTUNNEL PROJECT
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 3, 1987
- Author:
CopyrightCopyright 1987 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Q.How may I purchase shares in the Eurotunnel project?
-- A.S., Newtonville
A. The $1.4 billion issue of shares for construction of the
England to France cross channel tunnel was sold last Friday.
Early reports indicate that the $635.4 million each allotted
to French and English investors was undersubscribed, but the $200
million worth placed with foreign institutions was sold readily. No
provision was made for public trading of the stock in this country.
An interested investor will have to deal through a broker who
trades in the local currency on the foreign exchanges. The stock
was issued to first trade on Dec. 10 at around $6.30 a share. The
prospectus, probably too ...