A decision “constraint” . Eurotunnel announced Friday, Jan. 9 that he would seek a buyer for its subsidiary MyFerryLink after confirmation by the British Justice of the ban on the shipping company linking Calais to Dover. Eurotunnel’s management has denounced a decision “illogical” Competition Appeal Tribunal (CAT) and that it would seek a buyer for the company.
” It reduces competition in the Strait and undermines free enterprise. The CAT Group forced to withdraw from this business [...] MyFerryLink is an industrial and commercial success [...] Given the British position, his future will now play outside the group “, said Jacques Gounon, Eurotunnel’s CEO, in a statement.
Six months to stop operating
Considering the excessive level of competition in the transport Channel, British justice has given six months MyFerryLink to stop operating, confirming the position of the Authority British competition. The operator of the Channel Tunnel had appealed a decision deemed “aberrant” in his likely lead to higher prices and threatening some 600 jobs.
“During this period, the shipping company will continue to operate on the Channel line, offering customers the same quality service” , has she provided in a separate statement of the Eurotunnel. Deficit, the company could break even in 2015 if it continues its activity, explained in March Eurotunnel’s CEO.
“deeply unfair,” the Secretary of State for Transport
The Secretary of State for Transport Alain Vidal called Friday from “deeply unfair” the British decision to ban the French ferry company to operate from the MyFerryLink Port of Dover.
In a statement, he also promised that “the determination of the French government to find a solution to enable the continuation of MyFerryLink activity is total” .
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