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Michael Douglas Yachting, Planning to Attend Film Festival in France in Wake of Separation From Catherine Zeta-Jones

Michael Douglas CIAO/AKM-GSI

Michael Douglas is carrying on across the pond.

A few days before he and wife Catherine Zeta-Jones revealed via their reps that they were "taking some time apart to evaluate and work on their marriage," the actor enjoyed time aboard a yacht off the coast of Sardinia while vacationing with friends in Europe.

Douglas took to the water on Sunday; was in Nice, France, yesterday for dinner at La Petite Maison; and at some point he'll be flying north to attend the Deauville American Film Festival, which kicks off Friday with a screening of Behind the Candelabra.

A rep for the fest confirmed to E! News that Douglas, who scored an Emmy nomination for his portrayal of Liberace, and director Stephen Soderbergh (but no Matt Damon) are scheduled to be there to represent the film.

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Catherine Zeta-Jones Anthony Taafe/Coleman-Rayner

Oddly enough, he and Zeta-Jones were first introduced in 1998 at that event, where, Zeta-Jones later told Parade magazine, Douglas immediately informed her, "I want to father your children."

They tied the knot on Nov. 18, 2000, and have two kids together, 13-year-old son Dylan and 10-year-old daughter Carys.

Sources have told E! News that Douglas and Zeta-Jones, who were last photographed together at the 40th Chaplin Award gala in NYC on April 22, have otherwise been leading separate lives for the past 18 months.

"Michael has not been happy for a long time. They grew apart," one insider tells us. "He is a fantastic father and his kids are his main concern...He wants Catherine to be happy, but they have been struggling for a long time."

"Her issues and his cancer have been very stressful for the pair of them," the source added. "Their friends are shocked. None of them ever thought Michael would leave her."

Zeta-Jones has remained at their home in Bedford, N.Y., while Douglas—who initially moved into a converted barn on a friend's property in Bedford—has lately been living at their Central Park West residence in Manhattan.

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