A PYMNTS Company

UK/France: French ferries blocked from English port

By  |  June 6, 2013

As a result of concerns that France-based Groupe Eurotunnel ferry company would dominate more than half of the ferry market thanks to its recent acquisition of three ferries, the Competition Commission has ruled that Eurotunnel will not be allowed to dock in the English down of Dover for two years. Eurotunnel first entered the sea transport business in 2012 with its buyout of three ferries for more than $86 million from now-defunct Sea France. The buyout has raised concerns several times among competitors as the Commission confirmed the company currently controls about 40 percent of the market. French antitrust regulators approved of the buyout last November. The decision by the Commission will now block Eurotunnel’s access to the Dover Straight, which, according to reports, is one of the world’s busiest seaways for international commercial vessels.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.