TIMELINE FOR UK COMPETITION COMMISSION REMITTAL ANNOUNCED

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| Source: DFDS A/S
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Copenhagen, 2014-01-09 10:00 CET (GLOBE NEWSWIRE) -- Announcement no. 02

 

The timeline and process for the UK Competition Commission’s (CC) merger inquiry into the merger Eurotunnel/SeaFrance has been announced and is available from the following links:

http://www.competition-commission.org.uk/media-centre/latest-news/2014/Jan/cc-to-reconsider-jurisdiction-in-eurotunnel-case

Remittal document & timetable:

http://www.competition-commission.org.uk/our-work/directory-of-all-inquiries/eurotunnel-seafrance/remittal

CC’s provisional findings are expected to be announced late February 2014 and the target date for a decision is end April 2014.

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