UK homebuilders Barratt Developments to acquire rival Redrow.

The UK's largest housebuilder, Barratt Developments, has agreed to buy rival Redrow in a £2.5 billion ($3.2 billion) deal. The acquisition is one of the most significant UK housebuilder deals in the past decade and will create a new combined group named Barratt Redrow. The deal aims to accelerate the delivery of homes across the UK and will produce around £90 million in savings in operating costs annually by the end of the third year.

February 07, 2024
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