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UK: Eurotunnel growth threatened by upcoming CMA decision

By  |  April 25, 2014

Eurotunnel reported an 8 percent hike in revenue on Thursday in its first-quarter earnings report, progress that can partially be attributed to its rail freight services and its MyFerryLink ferry operations.

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    But MyFerryLink is in jeopardy as the Competition and Markets Authority is set to rule on the assets early next month.

    A probe was launched into MyFerryLink by the former Competition Commission before its merging with the Office of Fair Trading into the CMA; the regulator questioned Eurotunnel’s acquisitions of ferry assets from now-defunct SeaFrance and whether the buyout would cause too much market dominance for Eurotunnel.

    The Commission ruled against Eurotunnel, but an appeals tribunal ordered the Commission to take another look at its method for analyzing the case, which has now been handed off to the CMA.

    Full Content: Reuters

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