UK Antitrust Watchdog Blocks Eurotunnel's Ferry Plan

Law360, New York (June 06, 2013, 2:11 PM ET) -- U.K. competition regulators said Thursday they will block Groupe Eurotunnel SA from running ferry service across the English Channel, finding the French rail operator's €65 million ($85.8 million) purchase of three ferries from the now-defunct SeaFrance SA might result in higher prices.

The U.K. Competition Commission said in a statement that allowing Eurotunnel — which operates rail service between the U.K. and continental Europe through the Channel Tunnel — to add ferry services to its existing business would extend the company's market share and could lead...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required