GXO claims Wincanton takeover will not hurt UK food retailers
The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition ...
© Khunaspix Dreamstime.
The UK’s Competition and Markets Authority today reiterated its decision that the acquisition of three ro-ro vessels from bankrupt cross-Channel operator SeaFrance by Eurotunnel and the subsequent lease of them to ex-SeaFrance employees’ cooperative MyFerryLink represented a distortion of market competition in the Dover-Calais trade. There is still room for Eurotunnel to appeal, and judging by the comments of chief executive Jacques Gounon this morning, expect one to be lodged.
Comment on this article