Merger Update
February 18 2005 - 6:54AM
UK Regulatory
RNS Number:7838I
Capital Radio PLC
18 February 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA
OR JAPAN
For immediate release 18 February 2005
Proposed Merger of Capital Radio and GWR
Office of Fair Trading ("OFT") Publishes Proposed Undertakings Regarding
Divestment of 106 Century FM
Capital Radio and GWR note the announcement today by the OFT relating to their
proposed merger. The OFT has published the proposed undertakings relating to the
divestment of the business of 106 Century FM which will be subject to a
statutory public consultation process, ending 4 March 2005.
On 22 December 2004 the OFT announced its decision not to refer the merger to
the Competition Commission, subject to accepting appropriate undertakings from
Capital Radio and GWR day's publication of the proposed undertakings by the OFT
is a further step towards satisfaction of the pre-conditions to the
implementation of the merger.
A further announcement will be made in due course.
Enquiries:
Capital Radio GWR
Tel: +44 (0)20 7766 6240 Tel: +44 (0)118 928 4338
David Mansfield Ralph Bernard
Peter Harris Wendy Pallot
Jane Wilson Simon Cooper
Finsbury College Hill
Tel: +44 (0)20 7251 3801 Tel: +44 (0)20 7457 2020
Rupert Younger Adrian Duffield
Julius Duncan Tom Baldock
- Ends -
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