Getlink SE (Eurotunnel) Stock (FR0010533075): Mundys Exercises Right to Acquire Up to 25% Stake

Mundys S.p.A. has fully exercised its right to increase its stake in Getlink SE to 25.0% of share capital and 29.9% of voting rights, following UK government clearance announced on April 13, 2026.

Mundys S.p.A. fully exercised its right to acquire up to 25.0% of the share capital and 29.9% of the voting rights in Getlink SE, as announced following clearance from the UK Government under the National Security and Investment Act 2021 on April 13, 2026, according to finanznachrichten.de, April 2026.

As of: April 30, 2026

By the AD HOC NEWS Editorial Team – Equity Coverage.

At a Glance

• Name: Getlink
• ISIN: FR0010533075
• Sector/Industry: Infrastructure and Transport
• Headquarters/Country: Paris, France
• Primary Exchange: Euronext Paris
• Trading Currency: EUR

How Getlink SE (Eurotunnel) Makes Money: The Core Business Model

Getlink SE operates the Channel Tunnel infrastructure, providing shuttle services for vehicles and rail freight between the UK and continental Europe. The company generates revenue primarily through tolls from LeShuttle passenger and freight services, as well as from Eleclink electricity interconnector and Europorte rail logistics, according to the official investor relations page at getlinkgroup.com.

The core revenue stems from the Eurotunnel segment, which manages the fixed link under the English Channel, facilitating transport of passengers, trucks, and freight trains. Since 31 December 2020, Eurotunnel has focused on smart border services to maintain reliability post-Brexit, as noted in a Business Wire release dated April 27, 2026, regarding preparatory documents for the Combined General Meeting on May 27, 2026, according to Business Wire, April 27, 2026.

Europorte contributes through rail freight operations across Europe, while Eleclink provides high-voltage direct current electricity transmission between France and the UK, diversifying income streams beyond transport.

Getlink SE (Eurotunnel)'s Key Revenue and Product Drivers

In March 2026, LeShuttle Freight carried 104,449 trucks, representing a 1% decline compared to March 2025. Since January 1, 2026, approximately 295,000 trucks have crossed the Channel on LeShuttle services, according to Business Wire, April 27, 2026.

For the third quarter of 2025, Getlink reported consolidated revenue of 472 million euros, up 1% from the prior year. Eurotunnel revenue rose 3% to 364 million euros, Europorte increased 5% to 42 million euros, while Eleclink fell 13% to 66 million euros, according to company data cited in ideal-investisseur.fr. Getlink confirmed 2025 EBITDA guidance of 780 to 830 million euros.

First quarter 2026 consolidated revenue reached 371 million euros, a 15% increase from Q1 2025, primarily driven by Eurotunnel operations, as reported on April 10, 2026, according to ideal-investisseur.fr, April 10, 2026.

Industry Trends and Competitive Landscape

The Channel Tunnel remains the primary fixed link for road and rail transport between the UK and France, with no direct publicly traded peers operating identical infrastructure. Competitors in cross-Channel transport include ferry operators, but Getlink's unique tunnel asset provides a differentiated service for freight and passenger shuttles.

In electricity interconnection, Eleclink competes with other HVDC projects like BritNed, but serves a specialized UK-France market. Rail freight via Europorte faces competition from national operators in France, UK, and Belgium.

Overall, Getlink benefits from its monopoly on undersea transport infrastructure, supporting consistent traffic volumes despite macroeconomic pressures.

Why Getlink SE (Eurotunnel) Matters to US Investors

Getlink SE trades primarily on Euronext Paris under ticker GET in euros, exposing US investors to EUR/USD exchange rate fluctuations. The company's operations link key US trading partners UK and EU, with freight volumes sensitive to transatlantic trade flows.

US investors access Getlink via international brokers or ADRs if available, with relevance heightened by post-Brexit trade dynamics affecting UK-EU commerce. The recent Mundys stake increase adds a layer of infrastructure investment interest for those tracking European mobility assets.

Currency risk remains notable, as revenues are euro-denominated while US investors measure returns in dollars.

Which Investor Profile Fits Getlink SE (Eurotunnel) – and Which Does Not?

Investors focused on infrastructure with stable cash flows from regulated assets may find alignment with Getlink's model, given the Channel Tunnel's concession until 2086. Those seeking exposure to Europe-UK connectivity benefit from its position in freight and energy transmission.

High-growth tech seekers or those avoiding FX volatility may prefer alternatives, as Getlink's returns tie closely to traffic volumes and euro strength. Dividend-oriented profiles value its history of payouts tied to operational performance.

Risks and Open Questions for Getlink SE (Eurotunnel)

Geopolitical tensions or trade barriers could impact cross-Channel traffic, as seen in post-Brexit adjustments. Regulatory changes in UK-France relations pose oversight risks under frameworks like the National Security and Investment Act.

Competition from ferries or air travel affects passenger shuttles, while energy market volatility influences Eleclink revenues. Debt levels from infrastructure maintenance require monitoring against cash flow generation.

Stakeholder shifts, such as Mundys' increased holding, introduce questions on strategic direction and governance influence.

Key Events and Outlook for Investors

The Combined General Meeting is scheduled for May 27, 2026, with preparatory documents available, as per the April 27, 2026 Business Wire release.

What to Watch Next

• May 27, 2026: Combined General Meeting

Conclusion

Mundys S.p.A.'s exercise of its right to a 25% stake in Getlink SE, cleared by UK authorities on April 13, 2026, marks a significant ownership development. This follows prior announcements on March 31 and April 13, 2026, positioning Mundys as a key shareholder alongside assets like French motorways. Investors monitor implications for strategy amid ongoing operations like LeShuttle Freight traffic.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.