France OKs Eurotunnel's €65M English Channel Ferry Buy

Law360, New York (November 9, 2012, 3:53 PM EST) -- France's competition watchdog said Thursday it had given the green light to Groupe Eurotunnel SA's €65 million ($84 million) acquisition of three English Channel ferries from the now-liquidated ferry operator SeaFrance SA, after Eurotunnel promised to keep separate its rail and ferry units.

The French Competition Authority approved the deal on the grounds that Eurotunnel — which operates the Channel Tunnel between the U.K. and France — does not try to force or persuade Chunnel freight customers to use its new MyFerryLink service, or vice versa....
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