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Title: National Express and Stagecoach to merge? Post by: grahame on September 21, 2021, 13:58:10 From the Financial Times (https://www.ft.com/content/535b8da5-0d96-4ca3-9886-219c809f6a67)
Quote National Express is in talks to buy smaller rival Stagecoach in a deal that would bring together two of the UK’s largest transport operators as the pandemic-ravaged industry emerges from the crisis. Posting in the "Wider Picture" as Stagecoach no longer run the South Western franchise, and National Express no longer run the Wessex franchise! Also on the BBC (https://www.bbc.co.uk/news/business-58636437) Quote National Express has confirmed it is in talks to buy rival transport firm Stagecoach. Under the terms of the potential deal, National Express would own about 75% of the combined group and Stagecoach 25%. National Express said it would be able to slash costs as a result of the merger, and expected the newly formed group to find savings of at least £35m. Title: Re: National Express and Stagecoach to merge? Post by: rogerw on September 21, 2021, 15:20:57 It will be interesting to see what the MMC (Monopolies and mergers commission) has to say about this given their stance on the proposed purchase by Stagecoach of First bus interests in N Devon some years ago
Title: Re: National Express and Stagecoach to merge? Post by: ChrisB on September 21, 2021, 16:11:20 They might be asked to shed Megabus I guess…
Title: Re: National Express and Stagecoach to merge? Post by: TaplowGreen on September 21, 2021, 18:10:08 It will be interesting to see what the MMC (Monopolies and mergers commission) has to say about this given their stance on the proposed purchase by Stagecoach of First bus interests in N Devon some years ago Given that the MMC closed in 1999, I shouldn't expect they'll have much to say. Title: Re: National Express and Stagecoach to merge? Post by: JayMac on September 21, 2021, 18:15:52 Bad news for areas served by both Megabus and National Express. With no competition coach fares will inevitably rise.
Title: Re: National Express and Stagecoach to merge? Post by: ellendune on September 21, 2021, 20:43:27 It will be interesting to see what the MMC (Monopolies and mergers commission) has to say about this given their stance on the proposed purchase by Stagecoach of First bus interests in N Devon some years ago Given that the MMC closed in 1999, I shouldn't expect they'll have much to say. But the CMA (Competition and Markets Authority) might have something to say. This page is printed from the "Coffee Shop" forum at http://gwr.passenger.chat which is provided by a customer of Great Western Railway. Views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that content provided contravenes our posting rules ( see http://railcustomer.info/1761 ). The forum is hosted by Well House Consultants - http://www.wellho.net |