UK's CMA investigates £2.5bn Barratt Developments-Redrow merger over competition concerns.
The UK's Competition and Markets Authority (CMA) is investigating the proposed £2.5bn merger between two of Britain's largest housebuilders, Barratt Developments and Redrow, due to concerns it may significantly reduce competition in the industry. The CMA has the power to block the merger or enforce changes to address its concerns once it has investigated the potential risks. The CMA is also investigating eight housebuilders, including Barratt and Redrow, for sharing potentially commercially sensitive information that could be affecting the development of sites and prices of new homes.
March 15, 2024
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