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17/01
19 April 2001
OCTAGON MOTORSPORTS/BRITISH RACING DRIVERS CLUB MERGER
COMPETITION COMMISSION SEEKS EVIDENCE
Stephen Byers, Secretary of State for Trade and Industry,
has asked the Competition Commission to look into the acquisition by Octagon
Motorsports Limited of certain assets of British Racing Drivers Club Limited
(BRDC).
The Commission will look at all aspects of the merger’s
likely effects on the public interest, including the market for the provision
of circuits for motor racing and related activities. The Commission has
been asked to report to the Secretary of State by 6 August 2001. The report
will be published later.
The Commission would like to hear from all interested
parties, in writing by Thursday 10 May. To submit evidence please either
write to:
Reference Secretary (Octagon)
Room 614
Competition Commission
New Court,
48 Carey Street
London WC2A 2JT
Or email:
info@competition-commission.org.uk
Professor Paul Geroski, one of the Commission’s
deputy chairmen, will chair the inquiry. The other members of the group
are Peter Mackay, Dr Gill Owen and Graham Stacy.
Notes to Editors
- The reference was made under the Fair Trading Act 1973 on 17 April
2001 (see DTI Press Notice P/2001/251).
- Further information can be obtained from the Commission website at
www.competition-commission.org.uk
- Enquiries should be directed to: Francis Royle, Press Officer Tel:
020-7271 0242.
Group Members
Prof Paul Geroski(Chairman)
Mr P Mackay
Dr G Owen
Mr G Stacy
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