UK Antitrust Watchdog Blocks Eurotunnel's Ferry Plan

Law360, New York (June 6, 2013, 2:11 PM EDT) -- 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, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.