A final ruling has settled a longstanding dispute between UK authorities and ferry operator Eurotunnel regarding its acquisition of assets from a defunct rival.
Reports say the Competition Appeal Tribunal has ruled in favor of the competition regulator that found Eurotunnel’s acquisition of ferries from the former SeaFrance gave Eurotunnel an unfair advantage. A dispute soon erupted into whether the ferries constituted the acquisition of property of an entire business.
But the CAT’s Friday ruling now means Eurotunnel has six months to end its MyFerryLink operations, which launched with the assets acquired from SeaFrance, on the route between France and Britain.
France-based Eurotunnel is now reportedly seeking a buyer for the MyFerryLink assets.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI