UK Competition Regulator Probes Eurotunnel's €65M Ferry Buy

Law360, New York (October 29, 2012, 3:10 PM EDT) -- The United Kingdom's competition authority said Monday that it was investigating Groupe Eurotunnel SA’s €65 million ($84 million) acquisition of ferries from the now-liquidated ferry operator SeaFrance SA, citing concerns that the merger reduced competition among English Channel transport services providers and may cause fare hikes.

The Office of Fair Trading said it had started the investigation after learning that a second bidder had tried to acquire three ferries, which Groupe Eurotunnel had purchased in June after approval from the French Commercial Court.

“The OFT recognizes...
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