TRIBUNAL REQUIRES FURTHER REVIEW OF UK COMPETITION COMMISSION'S RULING
(OMX Via Acquire Media NewsEdge)
Copenhagen, 2013-12-04 12:44 CET (GLOBE NEWSWIRE) --
Announcement no. 30
Final decision on Eurotunnel’s operation of ferry services from Port of Dover
Today, the UK Competition Appeal Tribunal decided that a further review is
required of one aspect of the UK Competition Commission’s ruling on
Eurotunnel’s purchase of certain assets from SeaFrance.
The Competition Appeal Tribunal has ruled that the Competition Commission has
not properly considered whether it has legal jurisdiction to consider the
transaction, ie. as a transfer of assets or an enterprise. The Competition
Commission must therefore reconsider this point and issue a new decision.
Background on decision by UK competition authorities
On 29 October 2012, the UK’s Office of Fair Trading (OFT, the national
competition authority) handed over to the Competition Commission its inquiry
into Eurotunnel’s purchase of certain assets from SeaFrance.
On 6 June 2013 the Competition Commission issued a ruling requiring Eurotunnel
to cease ferry operations at the Port of Dover and divest ferry assets.
Following the ruling, Eurotunnel and SCOP appealed to the Competition Appeal
Niels Smedegaard, CEO
+45 33 42 34 00
Torben Carlsen, CFO
+45 33 42 32 01
Søren Brøndholt Nielsen, IR
+45 33 42 33 59
Copyright © 2013 OMX AB (publ).
Copyright © 2013 OMX AB (publ)
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