Barratt Advances with £2.5bn Redrow Takeover Despite Regulatory Hurdles

The merger proceeds as Barratt waives conditions, addressing concerns from the Competition and Markets Authority.

Barratt will seek court approval for the merger, with trading in Redrow shares to be suspended if granted.
The Competition and Markets Authority (CMA) has flagged potential competition issues in Whitchurch, Shropshire.
Barratt argues the concerns are limited to one of over 400 areas where the companies operate.
An enforcement order will prevent full integration until CMA concerns are resolved.
The combined entity aims to build 23,000 homes annually, with full integration expected within 18 months.