Eurotunnel to sell MyFerryLink ferries to DFDS
The Eurotunnel Group has announced its decision to sell MyFerryLink, its Dover-Calais ferry service, following what it describes as a ‘binding offer’ from DFDS, one of its competitors on the cross-Channel route, in a let to buy sale of the ferries Rodin and Berlioz.
The decision follows a long and often bitter dispute with the UK’s Competition and Markets Authority (CMA) which 12 months ago ordered the sell-off of the MyFerryLink business. However, in recent weeks the ferry company achieved a victory in the UK’s Court of Appeal to overturn the CMA’s attempts to prohibit its operations on the Dover Straits.
In accepting an undisclosed sum from DFDS, Group Eurotunnel confirmed that its decision had been taken ‘as the conditions necessary to develop freely did not exist’. It is also of the opinion that ‘the CMA should not oppose the completion of the sale which will lead to two maritime operators of equal importance’.
In its statement, the Eurotunnel Group also expressed its regret that the SCOP SeaFrance has not had the support it needed to be able to present a takeover proposal.
With regard to the third MyFerryLink vessel the freight carrying Nord Pas de Calais, the Eurotunnel Group is to ask the competition authorities to lift the current prohibition to enable it to be operated in coordination with the Fixed Link, in order to maintain its transport operations.
Posted on: June 8th 2015