UK regulator delays GXO's Wincanton takeover, due to 'competition concerns'
The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s ...
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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.
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