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TMCNet:  TRIBUNAL REQUIRES FURTHER REVIEW OF UK COMPETITION COMMISSION'S RULING

[December 04, 2013]

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 delayed 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 Tribunal.

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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