FirstGroup, MTR Agree To South Western Rail Ticket Price Caps
August 18 2017 - 1:51AM
Dow Jones News
LONDON-- The U.K.'s Competition and Markets Authority Friday
said FirstGroup PLC (FGP.LN) and MTR Corp. Ltd. (0066.HK) have
agreed to put a price cap on fares for their South Western Rail
franchise in England after the CMA raised concerns about FirstGroup
operating another rail franchise on the same route.
FirstGroup, which also operates the Great Western Railway
franchise that includes the only other service between London and
Exeter, and MTR have agreed that ticket prices on the route will be
linked to those on comparable services, the CMA said.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
August 18, 2017 02:36 ET (06:36 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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