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24 Feb 2010 15:37
ROTALA PLC
PRESS RELEASE 24 FEBRUARY 2010
The Company is pleased to provide an update on its role in the on-going Investigation of the Bus Industry by the Competition Commission.
We welcome the investigation being undertaken by the Competition Commission and plan to participate fully in its deliberations. The investigation provides operators, large and small, with an opportunity to air their views and experiences in a forum which is independent of the bus sector itself or its industry representatives. We do have views on appropriate reforms and have made these initial views known to the Commission. We have also been in receipt of questionnaires from the Competition Commission which seek detailed data on our operations. We intend to respond fully to these requests in due course.
We have said before, and we would repeat, that, in our opinion, the bus sector is indeed subject to certain anti-competitive practices. Some of these have affected our constituent businesses Diamond Bus, Central Connect and Wessex Connect. It is our expectation that the report of the Competition Commission, when it is delivered in some eighteen months to two years' time, will highlight certain issues of relevance to our businesses. If Government deals with these issues in a satisfactory manner, we, as we have remarked before, would expect benefits to flow to our operations both in the West Midlands and in South West England.
For further information please contact:
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Rotala Plc: |
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John Gunn, Chairman |
020 7621 5770 |
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Simon Dunn, Chief Executive |
0121 322 2222 07825 808 525 |
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Kim Taylor, Group Finance Director |
0121 322 2222 07825 808 529 |
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