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Competition probe for Preston Bus deal

29th May 2009

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Preston Bus

Preston Bus

THE merger of Preston Bus with transport giant Stagecoach is to be investigated by the Competition Commission, as the OFT thinks the end of “bus wars” between the two companies could be anti-competitive.Preston Bus was suffering financial difficulties and is understood to have approached Stagecoach about the £7m acquisition, which was approved by its employee shareholders in January. But now, the Office of Fair Trading has referred the completed acquisition to the Competition Commission. It said it was made aware ......for the full story register now for free or login below...


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