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MyFerryLink sold to rival DFDS
Eurotunnel has said it’s ‘reluctantly’ agreed to sell MyFerryLink to competitor DFDS.
It said it had wanted to sell the business to a workers’ cooperative, SCOP SeaFrance, rather than to DFDS.
The Eurotunnel said it made the decision to sell, despite a tribunal ruling which cleared the way for it to continue operating, because it feared the UK’s Competition and Markets Authority would continue its campaign despite the ruling, reports Reuters.
Eurotunnel’s move into the cross-channel ferry market has been challenged since 2012 when the company bought the former SeaFrance ferries from French rail operator SNCF.
In its statement on Sunday, Eurotunnel said it ‘regrets that the SCOP SeaFrance has not had the support it needed to be able to present a takeover proposal’.
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