Stagecoach’s majority-owned subsidiary, ICRL, has been told by the Competition and Markets Authority (CMA) that it must address competition concerns if it is to avoid an in-depth merger investigation following its successful bid to run the East Coast rail franchise. The announcement came after a review by the CMA found that while the franchise award did not raise significant concerns in most areas, there were “some concerns”. The CMA has given ICRL five working days to resolve the concerns and said it will decide if the evidence is satisfactory by February 20th. The concerns relate to two East Midland Trains services operated by Stagecoach where there are no other rail operators, and to its Citylink coach services between Edinburgh and Dundee and Edinburgh and Aberdeen.
Source: sharecast.com
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