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Post by mainline on Feb 16, 2013 13:07:09 GMT
As the title says, the purchase of the First Chester and Wirral operation by Stagecoach is now under investigation by the OFT. This announcement came yesterday afternoon and can be viewed here. Be interesting to see how this pans out over the next few weeks. |
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Post by markno16 on Feb 16, 2013 15:00:24 GMT
Don't you mean North Devon...? Oh no, my bad....
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Post by humberside on Feb 17, 2013 8:47:32 GMT
What a waste of money. The overlap with existing Stagecoach operations is zero isn't it?
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Post by Arriva Wakefield on Feb 17, 2013 11:15:01 GMT
Suggestions are that Stagecoach are asking for the investigations to prevent another situation like Preston where everything was integrated, and later forced to divest.
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Post by humberside on Feb 19, 2013 18:43:04 GMT
Stagecoach must be getting paranoid then. Sad state of affairs when companies have become so s**t scared of competition authorities they may feel the need to refer deals with zero overlap for investigation. If Stagecoach say had one route into Wirral it might be understandable after the Preston situation, but they have none
Out of interest, are the OfT looking at the Rotala-First Redditch/Kidderminster deal? Now that is a deal the OfT need to review (it may or may not be an acceptable deal with all factors considered, but there is clearly overlap in the route networks)
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