皇冠体育app

This follows March鈥檚 provisional decision to release the undertakings.

皇冠体育app group of independent Competition and Markets Authority (CMA) panel members carrying out the review have found that the undertakings are no longer appropriate due to a change in circumstances.

皇冠体育app CMA announced in October that it would carry out a review of the undertakings given in relation to the completed acquisition by FirstBus plc of SB Holdings Ltd (SBH) in 1996. FirstBus changed its name to FirstGroup in 1997.

Further details, including the CMA鈥檚 final decision and notice of release from undertakings, can be found on the case page.

Notes for editors

1. 皇冠体育app CMA is the UK鈥檚 primary competition and consumer authority. It is an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law.
2. 皇冠体育app members of the review group are: Phil Evans (Chair), Jayne Scott, and Roger Finbow.
3. 皇冠体育app undertakings, affecting FirstGroup鈥檚 bus business, were given by FirstGroup to the then Secretary of State for Trade and Industry in 2002 following a review in 1997 by the Monopolies and Mergers Commission of the FirstBus acquisition of SBH. 皇冠体育app undertakings were subsequently varied following the .
4. 皇冠体育app fares cap applies to FirstGroup operations in the First Edinburgh and First Glasgow areas. 皇冠体育app First Edinburgh area comprises the unitary authorities of Stirling, Clackmannanshire, Falkirk, West Lothian, Midlothian, East Lothian and the Scottish Borders. 皇冠体育app First Glasgow area comprises the unitary authorities of the City of Glasgow, North Lanarkshire, South Lanarkshire, East Dunbartonshire, West Dunbartonshire and East Renfrewshire. 皇冠体育app requirement to operate a minimum level of service also known as the 鈥榤ileage floor鈥� applies to FirstGroup operations in the First Edinburgh area. 皇冠体育app price cap and mileage floor do not extend to Edinburgh.
5. 皇冠体育app CMA has the ability to supersede, vary or release certain undertakings accepted under the Fair Trading Act 1973; this includes the FirstGroup undertakings. This power is exercisable in the same circumstances, and on the same terms and conditions as applied to the Secretary of State under the Fair Trading Act 1973; namely that by reason of any change of circumstances the undertakings are no longer appropriate and need to be varied, superseded or released.
6. For more information on the CMA see our homepage or follow us on Twitter , and .
7. Enquiries should be directed to Rory Taylor ([email protected], 020 3738 6798).