UK Competition Watchdog to Investigate Barratt-Redrow £2.5bn Merger
The Competition and Markets Authority has launched an investigation into the proposed acquisition, citing concerns over potential market competition reduction.
- The Competition and Markets Authority (CMA) is investigating the £2.5bn merger between Barratt Developments and Redrow, two of Britain's largest housebuilders.
- The merger, announced last month, aims to create a company capable of building approximately 22,000 to 23,000 homes annually.
- Concerns have been raised about the merger potentially leading to a substantial lessening of competition in the housebuilding sector.
- The CMA's investigation follows evidence of possible illegal information sharing among developers, including Barratt and Redrow.
- Interested parties have until April 2 to submit comments before the CMA proceeds to the next phase of its inquiry.
The Telegraph 
Evening Standard 