Redrow

The Competition & Markets Authority (CMA) has closed its investigation into Barratt Development’s acquisition of Redrow, paving the way for the £2.5 billion merger.

A proposed £2.5 billion merger between UK housebuilders Barratt Developments and Redrow looks set to go ahead despite concerns from the competition regulator.

Barratt’s £2.5 billion deal to purchase rival Redrow Homes has raised competition concerns in a local area around an existing Barratt development, the Competition and Markets Authority (CMA) has found.

A proposed £2.5 billion merger between two of the UK's largest housebuilders has gained the support of shareholders of both companies.

As many as eight of the biggest housebuilders in the UK may be sharing commercially sensitive information with their competitors, the Competition and Markets Authority (CMA) has revealed today as it published its final report on the housebuilding market in Great Britain.

The boards of UK housebuilders Barratt Developments and Redrow have agreed a merger deal, which prices Redrow at £2,524 million.