MyFerryLink “sold to DFDS”
The Financial Times has reported that Eurotunnel, the operator of the undersea rail link between the UK and France, has sold its Calais-Dover ferry service MyFerryLink, ending a long antitrust battle with the UK’s competition regulator.
Eurotunnel has “a binding offer” for the business from DFDS, a Danish competitor on the cross-Channel route, for an undisclosed sum, says the FT.
The sell-off comes a year after the Competition and Markets Authority (CMA) said that Eurotunnel should be barred from operating the MyFerryLink because the group controlled more than half the cross-Channel market and its share could rise further should one of the other two Dover-Calais ferry operators fold.
Eurotunnel had wanted to sell the business to a workers’ co-operative, SCOP SeaFrance, rather than to DFDS. In a statement on Sunday, Eurotunnel said it regretted “that the SCOP SeaFrance has not had the support it needed to be able to present a takeover proposal”.