SeaFrance goes into liquidation

Ferry operator told to cease business with immediate effect by court
SeaFrance goes into liquidation

By Rebecca Gibson |


Cross Channel ferry operator SeaFrance has been officially liquidated by a French court and told to cease activity.

The Tribunal de Commerce made its decision after the European Commission ruled that the €200 million package offered by the French government contravened competition rules.

The rejected package was part of a union backed deal which had raised €12 million of the €40-50 million required for the takeover when International Cruise & Ferry Review reported the development last week.

There is however fresh speculation that Eurotunnel could still make a bid for the firm and is currently in the process of valuing its assets.

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