This time, the Eurotunnel Bell Tolls Myferrylink its subsidiary acquired in 2012 and which the French company had yet committed not to sell the ships for five years. Eurotunnel will not renew the current contract until July 2 with the cooperative society and participatory (SCOP) Myferrylink of the shipping company, which provides connections between France and England. “It is confirmed, we will not renew the contract with SCOP which ran until July 2, we sent official mail yesterday [Wednesday] ” said Thursday a spokesman for Eurotunnel.
In 2012, Eurotunnel, which operates the Channel Tunnel, had bought the ships of the former SeaFrance for rent in Myferrylink, an incorporated SCOP by former employees of SeaFrance. But British authorities consider that this situation poses competition problems. The objective was to prevent the French group is present both on the water and under water, thus arrogating a dominant position on the cross-Channel market.
Read also: Eurotunnel is looking to sell Myferrylink
In mid-May, the British appellate court had however agreed with the French shipping company, suspending the prohibition of serving Dover from Calais which had been imposed on him by the competition authorities of the United Kingdom. This victory Myferrylink in the legal field has not yet “gives the modified” to the Eurotunnel Group
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“The Competition Authority and markets [CMA] continues to hold a position against the presence of Eurotunnel maritime market strait “, pleads Eurotunnel, noting that the CMA still plans to file an appeal before the Supreme Court. “For a private company with private shareholders, we can not work in this uncertainty” , added the spokesman of the group, however, calls Myferrylink “great success”
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Eurotunnel said it had received “several” takeover bids for the sale of boats at the end of a second round of negotiations commenced on 11 May and it continued to analyze. Some unionists believe, them, that the problems of governance within the SCOP could weigh in the decision of the Franco-British group to break with the shipping company.
Myferrylink was placed on April 10 Judicial backup, after the announcement by the chairman of the company’s supervisory board, Didier Cappelle, ousting the Deputy Director General of the company, Raphael Doutrebente. “If we are not able to put the directory as it was (…) you [Jacques Gounon, Eurotunnel's CEO] and sell he will sell in poor conditions for us “ said Thierry Haxaire, Force Ouvrière.
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