Eurotunnel's ports takeover bid

The cross channel operator Eurotunnel has announced it is pulling out of a bid to take over the running of two French ports.

Eurotunnel pulls out of French ports takeover

by Derek Johnson

The cross channel operator Eurotunnel has announced it is pulling out of a bid to take over the running of two French ports. The firm had said it was interested in operating Calais and Bolougne after helping to launch a new ferry service.

However the proposal has already been criticised by the Competition Commission for potentially pushing up prices to cross the channel. Derek Johnson explains.