Banks compete to finance Eurotunnel debt (AP)

PARIS - Citigroup and a consortium of Goldman Sachs and Deutsche Bank have submitted competing bids to finance a deal restructuring Eurotunnel's staggering debt, the operator of the undersea rail tunnel linking Britain and France said Sunday. The Anglo-French company is to present the long-awaited restructuring plan to creditors for a vote Monday. Over the weekend, Eurotunnel received the final bids from Citigroup and the Goldman Sachs-Deutsche Bank consortium, spokesman John Keefe said. He would ...