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Italy's Mundys builds stake in Eurotunnel operator, closes in on Eiffage
Reuters· 2026-03-31 10:13
Group 1 - Mundys aims to build a stake of up to 29.9% voting rights in Getlink, the operator of the Channel Tunnel, through two transactions [1][2] - Mundys has increased its stake in Getlink by 3.5 percentage points to 19% and plans to acquire an additional 6%, which would raise its equity stake to 25% [2] - Getlink's shares rose nearly 4% following the announcement of Mundys' acquisition [5] Group 2 - The increase in Mundys' stake is driven by expected growth in traffic through the Channel Tunnel [3][4] - Mundys views Getlink as a defensive investment that offers solid returns amid market volatility [4] - Eiffage, the current top shareholder of Getlink, holds close to 28% of the company's share capital [3]