Eurotunnel, the operator of the Channel Tunnel, is aiming to secure its long-term future by raising more than £700million from a rights issue.

Shares in Eurotunnel were suspended on Monday ahead of the announcement.

Jacques Gounon, chairman of Groupe Eurotunnel SA (GET), said the issue would reduce financial charges and give the company "further room for manoeuvre to control our future".

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