A PYMNTS Company

UK: Competition regulator questions rail contract

By  |  February 8, 2015

The Perth-based public transport giant and Virgin Trains have just five working days to post remedies to the issues raised by the CMA about their joint East Coast mainline rail operation Inter City Railways.

The watchdog said the consortium is being given the chance to avoid an in-depth merger investigation by bringing forward suitable proposals to alleviate its “limited competition” concerns.

The CMA said a first-phase investigation into the new franchise had found a “realistic prospect” of higher prices.

ICRL has only been given until February 13 to respond.

 

Full Content: The Financial Times

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.