Barratt’s Acquisition of Redrow Awaits CMA Approval

Barratt Developments (GB:BDEV) has released an update.

Barratt Developments PLC is set to acquire Redrow PLC in an all-share transaction, following an initial agreement in February 2024. The UK’s Competition and Markets Authority (CMA) has expressed limited concerns over the merger’s local impact on housing supply but is considering undertakings proposed by the companies to avoid a detailed Phase 2 investigation. The deal is expected to be finalized today, with further details available on both companies’ websites.

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