Merger-bound Stagecoach, National Express on British watchdog radar

ComfortDelGro

26/01/2022 07:40

Jan 26 (Reuters) - Britain's competition regulator on
Wednesday issued an order preventing public transport group
StageCoach  SGC.L  and rival National Express  NEX.L  from
disposing of key UK assets as the watchdog reviews their merger.
    The Competition and Markets Authority indicated that it
seeks to "maintain the businesses in their current shape" as it
starts its probe into the merger, Stagecoach said, adding that
the order would delay a planned sale of parts of its inter-city
coach businesses to ComfortDelGro  CMDG.SI .

 (Reporting by Muhammed Husain in Bengaluru; Editing by
Subhranshu Sahu)
 ((Muhammed.Husain@thomsonreuters.com;))