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Article: Preston bus to be sold.
- Article from:
- M2 Presswire
- Article date:
- November 11, 2009
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M2 PRESSWIRE-11 November 2009-UK Government: Preston bus to be sold(C)1994-2009 M2 COMMUNICATIONS
RDATE:11112009
The Competition Commission (CC) has decided that Stagecoach Group plc (Stagecoach) must sell Preston Bus Limited to a competing company, after concluding its inquiry into the acquisition.
In its final report published today at www.competition-commission.org.uk , the CC concludes that the sale of a reconfigured Preston Bus will be the most effective way to restore competition and safeguard passenger interests. The CC will approve the successful bidder to ensure that it is capable of operating as an effective competitor to Stagecoach.