Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Eurotunnel fury as ferries ban looks set to go ahead/AFP

Finance

Britain bans Eurotunnel ferry service to France

Eurotunnel fury as ferries ban looks set to go ahead/AFP

Eurotunnel fury as ferries ban looks set to go ahead/AFP

LONDON, Jun 27 – British authorities on Friday ordered Eurotunnel to stop running its ferry service to France on grounds of unfair competition.

The Competition and Markets Authority (CMA) ruled in a final report that Eurotunnel, which operates the undersea Channel rail tunnel between France and England, should be barred from continuing its MyFerryLink service from the southern English port of Dover to Calais in northern France.

“Eurotunnel will be given six months to stop running services from the date of an order to that effect,” CMA said in a statement.

The MyFerryLink brand came into existence after Eurotunnel had in 2012 acquired the three ferries and related assets of SeaFrance.

MyFerryLink on Friday said it would appeal the ruling.

“We continue fundamentally to disagree with the CMA on a number of critical points. First and foremost we do not consider that the CMA has jurisdiction to review the transaction as a matter of UK merger law,” MyFerryLink said in a statement.

“It is also manifestly the case that the CMA’s decision, which will reduce choice, is bad for consumers, bad for competition and bad for all those involved in cross-Channel operations.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...