SeaFrance goes into liquidation

SeaFrance goes into liquidation

Channel ferry operator SeaFrance has been liquidated by a French court with the loss of 130 jobs in the UK.

The Tribunal de Commerce decided its future after the European Commission ruled that a 200m Euros (£176m) bailout by the French government was illegal.

However, Eurotunnel has backed a last-ditch attempt by a cooperative to rescue the operator. A Paris court is to rule on the union-backed project’s viability.

Eurotunnel boss Jacques Gounon told the daily Liberation that the company was “a candidate for a majority stake … in a transport firm which would take over the SeaFrance ferries” and then rent them to the cooperative.

A joint bid by French shipping firm Louis Dreyfus Armateurs and Danish ferry company DFDS was rejected because it would have seen many staff sacked and probably triggered industrial action.

A bid by SeaFrance management to buy out the firm, backed by a 160-million-euro loan from state rail firm SNCF, was blocked last year by the European Commission on competition grounds.

Sailings by SeaFrance between Dover and Calais were suspended in November.


This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in News