Eurotunnel is seeking a buyer for its ferry service MyFerryLink after it lost an appeal against a ban on operating its Dover to Calais route.
MyFerryLink has been told that it must quit the cross-Channel ferry market after the Competition Appeal Tribunal ruled that it was damaging competition by owning more than half of the entire market through both its ferry and rail operations.
Jacques Gounon, chairman and chief executive officer of Groupe Eurotunnel, said: "MyFerryLink is an operating and commercial success. We are proud to have succeeded where so many others have failed. Given the position of the British authorities, the future of MyFerryLink will now be determined outside the group."
Eurotunnel has been informed that it has six months to find a buyer unless an appeal is lodged.
