Eurotunnel must sell ferry firm

The Competition Commission has issued an interim report suggesting that Eurotunnel should sell off Sea France ferries.

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Eurotunnel to challenge findings

Eurotunnel has said it is not surprised at the Competition Commission report and has confirmed it will challenge its findings.

The provisional findings conclude that the addition of the new operator, MyFerryLink, would be detrimental to competition and could lead to an increase in prices.

In a statement on its website, Eurotunnel says that it considers that the acquisition of the ex SeaFrance ships, nine months after it ceased all operations, and the creation of MyFerryLink, constitutes an increase in competition and brings additional choice

Eurotunnel intends to continue to work with the Competition Commission to allay the concerns raised by existing ferry operators and to demonstrate that the creation of MyFerryLink is a good thing for the market as it is both procustomer and pro-competition.

– Jacques Gounon, Chairman and Chief Executive Officer of Eurotunnel

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