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Article: Preston bus merger has reduced competition.
- Article from:
- M2 Presswire
- Article date:
- September 3, 2009
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M2 PRESSWIRE-3 September 2009-UK Government: Preston bus merger has reduced competition(C)1994-2009 M2 COMMUNICATIONS
RDATE:03092009
The Competition Commission (CC) is now considering what action to take after provisionally concluding that Stagecoach Group plc's (Stagecoach) purchase of Preston Bus Limited (PBL) will reduce competition and potentially harm the interests of passengers.
The CC has been investigating the completed acquisition of PBL by Stagecoach, following a referral by the Office of Fair Trading (OFT) in May. Before the acquisition, PBL provided local bus services in Preston and South Ribble, while Stagecoach is one of the ...