TRIBUNAL’S JUDGMENT NOT APPEALED

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| Source: DFDS A/S
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Copenhagen, 2014-01-07 11:05 CET (GLOBE NEWSWIRE) -- Announcement no. 1

 

No appeals were brought forward, within the deadline on 6 January 2014, against the judgment that the UK Competition Appeal Tribunal (CAT) handed down on 4 December 2013 on the appeals made by Eurotunnel and SCOP.

The case concerning Eurotunnel’s purchase of certain assets from SeaFrance now rests on the UK Competition Commission (CC) reconsidering whether or not the transaction was a transfer of a business.

Background on decision by UK competition authorities
On 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.

         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