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OFT refers anticipated acquisitions of the Greater Western Rail franchise.

Publication: M2 Presswire
Publication Date: 30-SEP-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 September 2005-UK Government: OFT refers anticipated acquisitions of the Greater Western Rail franchise(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:30092005

The OFT today referred to the Competition Commission (CC) three bids - by FirstGroup plc (First), National Express Group plc (NEG) and Stagecoach plc (Stagecoach), via its subsidiary Brunel Trains - for the Greater Western rail franchise (GWF).

The acquisition of a rail franchise is a merger under competition law.

The OFT has decided that the test for reference is met for each bid in relation to the supply of public transport services on a large number of routes within the GWF area,...

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