logo
Plus   Neg
Share
Email

CMA To Check Undertakings Offer By FirstGroup And Trenitalia In Detail

UK's Competition and Markets Authority or CMA announced Friday that it will look at undertakings offer by FirstGroup plc (FGROY.PK,FGROF.PK,FGP.L) and Trenitalia SpA in detail.

The decision is regarding the anticipated acquisition by First Trenitalia West Coast Rail Limited of the West Coast Partnership Rail Franchise.

In August, First Trenitalia West Coast Rail, which is FirstGroup' joint venture with Trenitalia UK, received the new West Coast Partnership award from the Department for Transport.

On November 7, the CMA raised competition concerns on 21 routes, 17 between Preston and Scotland and 4 between Oxenholme and Carlisle, under the new award of the West Coast Rail franchise.

On November 13, FirstGroup and Trenitalia offered undertakings to the CMA, which was considered by the agency.

The CMA now said that "there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA."

The CMA now has until January 21, 2020 to decide whether to accept the undertaking, with the possibility to extend this timeframe to March 17, 2020 if it considers there are special reasons for doing so.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from... CVS Health Corp. launched 13 new HealthHUB locations in CVS Pharmacy stores across Philadelphia and South New Jersey. The healthcare company said it developed the HealthHUB store format to help people manage chronic conditions more conveniently and affordably. The store also features health and wellness products, clinical services and expertise.
Follow RTT
>