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Article: Eastbourne bus merger has reduced competition.
- Article from:
- M2 Presswire
- Article date:
- August 6, 2009
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M2 PRESSWIRE-6 August 2009-UK Government: Eastbourne bus merger has reduced competition(C)1994-2009 M2 COMMUNICATIONS
RDATE:06082009
Stagecoach's purchase of two previously competing bus companies in Eastbourne will lead to a substantial lessening of competition, the Competition Commission (CC) has provisionally concluded today.
The CC has been investigating the completed acquisitions of Eastbourne Buses Limited (Eastbourne Buses) and Cavendish Motor Services Limited (Cavendish) by Stagecoach Group PLC (Stagecoach), following a referral by the Office of Fair Trading (OFT) in May. Prior to the acquisition, Eastbourne Buses and Cavendish provided ...