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.