Barratt and Redrow were given until Aug. 15 to propose remedies to address these concerns. If the proposed solutions are deemed inadequate, the CMA’s investigation could advance to a more intensive second phase, with a decision expected by Thursday.
In light of the CMA’s concerns, Barratt and Redrow acknowledged their willingness to engage and present remedies, specifically regarding sales and future building projects on the Redrow site in Whitchurch. However, the companies have clarified that these remedies will not include selling any land.
Barratt and Redrow to complete £2.5B Dea : Strategic Move to Finalize the Deal
Despite the unresolved competition concerns, Barratt and Redrow have chosen to drop the clause in their scheme document requiring CMA clearance before completing the deal.
“Barratt has waived the CMA condition to the scheme, and the parties now intend to complete the combination later this week,” the companies said in their joint statement. This move, they argue, will eliminate uncertainty for employees, supply chains, and stakeholders, allowing the newly combined entity, Barratt Redrow PLC, to commence operations sooner.
