Inter City Railways / InterCity East Coast franchise merger inquiry

The CMA is investigating the acquisition by Inter City Railways Limited (ICRL) of the InterCity East Coast (ICEC) rail franchise.

Statutory timetable

Phase 1 date Action
17 June 2015 Undertakings in lieu accepted
21 April 2015 Extension of undertakings in lieu (UILs)
6 March 2015 Decision published
6 February 2015 Decision announced
9 December 2014 Launch of merger inquiry
10 December to 24 December 2014 Invitation to comment

Phase 1

Undertakings in lieu of reference accepted

17 June 2015: The CMA has accepted undertakings in lieu of reference under the Enterprise Act 2002 for the acquisition by Inter City Railways Limited of the InterCity East Coast rail franchise. A copy of the undertakings and the decision are available below.

Modified undertaking in lieu of reference consultation: Now closed

2 June 2015: We are consulting on modifications to a proposed undertaking in lieu of a reference for the acquisition of the ICEC rail franchise by Inter City Railways Limited.

Extension of considerations of undertakings in lieu

21 April 2015: The CMA has extended the consideration of UILs until 18 June 2015.

Undertaking in lieu of reference consultation: Now closed

13 March 2015: We are consulting on a proposed undertaking in lieu of a reference for the acquisition of the ICEC rail franchise by Inter City Railways Limited.

CMA to consider undertakings offered

20 February 2015: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Stagecoach, or a modified version of them, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA. A copy of the notice is available below.

Opportunity to offer undertakings to avoid reference

6 February 2015: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. Inter City Railways Limited now has an opportunity to offer acceptable undertakings to address these competition concerns to avoid a reference for a phase 2 investigation. The full text of the decision is available below.

Launch of CMA merger inquiry

9 December 2014: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: Now closed

10 December 2014: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Contact

Please send written representations about any competition issues to:

Cleo Alliston
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

cleo.alliston@cma.gsi.gov.uk

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