"BUS-WAR" * UK - Inquiry into buy-out
The two companies had initially agreed to a code of practice
London,UK -BBC News -3 Sept 2009: -- The buy-out of a Lancashire bus firm by Stagecoach is being investigated by the Competition Commission (CC)... The Scottish transport firm, based in Perth, was involved in a "bus war" for passengers with Preston Bus Limited before purchasing it earlier this year... The CC is considering action after concluding that the move "will reduce competition and potentially harm the interests of passengers"... Stagecoach said the merger had secured jobs and provides a better service... The two firms were involved in competition for fares in the city from 2007... A spokesman for Stagecoach, one of the UK's largest bus and coach firms, said it did not agree with the CC provisional findings... The CC is inviting responses before publishing its final report on the merger in November... Possible remedies for the loss of competition are measures to ensure new operators can work some routes or selling all or part of the business... (Picture: A Stagecoach bus )Labels: bus wars
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