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BREAKING NEWS

Eurotunnel sells ferries to rival

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Eurotunnel sells ferries to rival

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Eurotunnel, the operator of the Channel Tunnel between England and France, is selling its Calais to Dover ferry business to its Danish rival DFDS. This follows a long antitrust dispute with the UK’s competition regulator.

The loss-making ferry service was put up for sale earlier this year after it failed to overturn a ban on it operating the sea route.

Eurotunnel had wanted to sell the business to workers’ cooperative, SCOP SeaFrance, however they failed to secure enough backing to submit an offer.

The final price paid has not been disclosed.

MyFerryLink employs around 600 people and has about 12 percent of the cross-Channel market.