UK Competition Commission's provisional findings on Eurotunnel/SeaFrance merger inquiry due 21 March 7.00 AM GMT
19 March, 2014
Provisional findings on Eurotunnel/SeaFrance merger inquiry will be published on 21 March
The UK Competition Commission’s provisional findings concerning its jurisdiction regarding the Eurotunnel/SeaFrance merger inquiry are expected to be published on 21 March 2014 7.00 AM GMT.
The decision and release is expected to be available from the above time onwards on the following link:www.competition-commission.org.uk
Background on decision by UK competition authoritiesOn 29 October 2012, the UK Office of Fair Trading handed over to CC its inquiry into Eurotunnel’s purchase of certain assets from SeaFrance.On 6 June 2013, CC issued a ruling requiring Eurotunnel to cease ferry operations at the Port of Dover. Following the ruling, Eurotunnel and SCOP appealed to the CAT.On 4 December 2013, CAT decided that CC had to further consider whether the transaction was a transfer of assets or a business which determines whether or not CC has jurisdiction to consider the transaction. CC was therefore asked to reconsider this point and issue a new decision. Contact persons
Niels Smedegaard, CEO+45 33 42 34 00Torben Carlsen, CFO+45 33 42 32 01Søren Brøndholt Nielsen, IR+45 33 42 33 59Attachments:UK_OMX_NO_14_19_03_2014_CC.pdf