FirstGroup undertakings review

The CMA reviewed the undertakings in relation to the completed acquisition by FirstGroup plc of SB Holdings Ltd.

Administrative timetable

Date Action
20 April 2016 Final decision published
15 March 2016 Provisional decision published
18 December 2015 Final deadline for all parties responses/submissions required before provisional decision
November 2015 to January 2016 Consideration and analysis of written submissions and other evidence
November 2015 Publish statement of issues
30 October 2015 Publication of CMA decision to undertake a review


Final decision to release undertakings

20 April 2016: Following consultation, the CMA has decided that FirstGroup plc should be released from its undertakings.

Provisional decision to release undertakings

15 March 2016: The CMA has provisionally decided that undertakings given by FirstGroup plc, relating to the completed acquisition by FirstBus plc of SB Holdings Ltd in 1996, should be released.

Hearing summaries

As part of its evidence-gathering process, the CMA is holding formal hearings with a range of industry participants and interested parties.

Response to issues statement

Issues statement

25 November 2015: The issues statement identifies the issues the panel members propose to focus on and invites views on these, as well as any areas not covered.

Review group appointed

30 October 2015: The CMA has appointed the group for the review of the order.

Phil Evans (Chair), Jayne Scott, and Roger Finbow.

Decision to undertake review

30 October 2015: Following consultation, the CMA has decided to review the undertakings in relation to the completed acquisition by FirstGroup plc of SB Holdings Ltd.

The review will consider whether there has been any change of circumstances such that any of the current undertakings should be varied or revoked.

Published 16 February 2016
Last updated 20 April 2016 + show all updates
  1. Final decision published.
  2. Provisional decision and hearing summary published.
  3. Hearing summaries published.
  4. Hearing summaries published.