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UK: Complicated Eurotunnel probe gets extension

By  |  April 5, 2013

The Competition Commission has announced an extension of its investigation into Eurotunnel and its entry into the ferry market due the complicated nature of the case. According to reports, the Commission has acknowledged that while it would prefer to rule that Eurotunnel must divest the MyFerryLink assets acquired, that ruling would clash with a previous ruling by French authorities, which approved of the acquisition and required Eurotunnel to maintain ownership of the business for five years. Since, other remedies have been mulled by the Commission, including a forced divestment of assets after the five-year lock-up expired; until then, the Commission may suggest price controls.

 

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