MyFerryLink prohibited from operating in DoverStaff writer ▼ | January 13, 2015
Groupe Eurotunnel acquired the assets of the defunct company, SeaFrance, in June 2012 following an open and public process. Groupe Eurotunnel subcontracted the operation of the ferries Rodin, Berlioz and Nord-Pas-de-Calais to an independent company, the SCOP SeaFrance.
Announcement Groupe Eurotunnel seeks buyer for its ferry business
"The Competition Appeal Tribunal (CAT) recognized the validity of the case put forward by the Group and, independently, by the SCOP but decided that these were not sufficient to overturn again the decision taken by the Competition and Markets Authority (CMA), published on 18 September.
"This decision is illogical. It reduces competition across the short straits and it is contrary to the interests of free trade. The CAT is forcing Groupe Eurotunnel to withdraw from this activity.
"In view of the requirement to cease operations within six months, which has been confirmed, and to realise the value of the work achieved Groupe Eurotunnel will now seek a buyer for MyFerryLink," Groupe Eurotunnel wrote in a statement. ■