UK's CMA approves Barratt Developments' £2.5B acquisition of Redrow, creating a £7.45B housebuilder with 22,600 annual homes capacity.

The UK's Competition & Markets Authority has approved Barratt Developments' £2.5 billion acquisition of Redrow, alleviating initial concerns about competition in Whitchurch, Shropshire. The merger, completed in August, creates Barratt Redrow, a major housebuilder with a turnover of £7.45 billion and a capacity to deliver over 22,600 homes annually. The companies aim for annual savings of £90 million while integrating operations over the next 18 months.

October 07, 2024
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