After the Competition and Markets Authority held up its predecessor’s ruling against Eurotunnel, requiring the ferry servicer to divest assets and break up its operations on a certain route, Eurotunnel has vowed to appeal, though warns that the appeal will not likely come in time to save service from coming to a halt by the end of the year.
Eurotunnel CEO Jacques Gounon confirmed that it would file an appeal of the CMA’s ruling, noting that the company “has a good chance to win” the case. The CMA ordered Eurotunnel to end its MyFerryLink services between Dover and Calais on the grounds it harmed competition.
Eurotunnel began operating on the route after acquiring assets from now-defunct Sea France. The former Competition Commission ruled that Eurotunnel’s acquisition harmed competition, though after an appeal, the Competition Tribunal ordered the Commission to reexamine its decision and decide whether Eurotunnel’s acquisition accounted for an acquisition of assets or an acquisition of business.
The CMA upheld the Commission’s original findings. Eurotunnel vowed to appeal, arguing that a cease in operations of the route would harm consumer choice and cut jobs, likely leading to higher prices.
Full content: Connexion France
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 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