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SeaFrance/European Commission

Published on October 27, 2011
Communiqué issued by the Ministry of Ecology, Sustainable development, Transport and Housing/Minister responsible for Transport (excerpts)

Paris, October 24, 2011

Thierry Mariani, the Minister responsible for Transport, regrets the European Commission’s decision to reject the company SeaFrance’s restructuring plan.

The Commission this afternoon announced its decision not to authorize SeaFrance’s restructuring plan, of which the French authorities notified it in February 2011. The plan had been drawn up to find a favourable way out of administration for SeaFrance, through a continuity plan financed by the SNCF, its shareholder. The government has spared no effort in the past three months to guarantee the company a future and safeguard the maximum number of jobs.

Thierry Mariani went to Brussels on 14 October to argue the case to the European Competition Commissioner, Joaquín Almunia. “The Commission’s decision, which has serious social consequences, is hard to comprehend,” the Transport Minister stressed.

In any case, the situation of SeaFrance and its employees is now in the hands of the Commercial Court in Paris. (…)

This could lead to acceptance of one of the takeover bids filed under the procedure initiated by the administrators in July of this year./.

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