Barratt pushes ahead with takeover of Redrow despite watchdog’s concerns
by Jack Simpson from World news | The Guardian on (#6Q2RZ)
UK's largest housebuilder will waive conditions put on 2.5bn deal, set to be completed this week, from CMA
The housebuilder Barratt is pushing ahead with its 2.5bn takeover of rival Redrow this week despite concerns raised by the government's competition watchdog.
Barratt said on Monday that it would waive conditions put on the deal - set to be completed this week - from the Competition and Markets Authority (CMA) after it found that the merger could disadvantage homebuyers in the area around a town in Shropshire.
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