Share Name Share Symbol Market Type Share ISIN Share Description
Stagecoach Group Plc LSE:SGC London Ordinary Share GB00B6YTLS95 ORD 125/228P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.22% 133.20 132.80 133.00 134.10 131.40 134.10 347,527 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,878.9 101.2 3.8 35.1 767

UK Government: Stagecoach Must Sell Preston Bus Limited

11/11/2009 7:49am

Dow Jones News


Stagecoach (LSE:SGC)
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The U.K. Competition Commission, or CC, said Wednesday that Stagecoach Group PLC (SGC.LN) must sell Preston Bus Limited to a competing company, after provisionally concluding in September that Stagecoach's purchase of Preston Bus will reduce competition and potentially harm the interests of passengers.

MAIN FACTS:

-CC will approve the successful bidder to ensure that it is capable of operating as an effective competitor to Stagecoach.

-The sale will include a bus depot, other assets and a network of routes, including services formerly run by Preston Bus but since transferred to Stagecoach following the acquisition.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com 
 
 
 

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