Emeritus Prof Christopher May on Nostr: The Competition & Markets Authority has rolled over & decided to accept reassurance ...
The Competition & Markets Authority has rolled over & decided to accept reassurance from Barratt & Redrow that the takeover will not cause significant impact on competition in housing construction.
The combined group will be building just under 20% of all new houses - its difficult to see how this will not be anti-competitive - but then again the UK is the land of oligopolies which the CMA has already demonstrated its pretty relaxed about (see supermarkets)!
#housing
https://www.theguardian.com/business/2024/oct/04/barratt-takeover-of-redrow-given-go-ahead-by-uk-regulator
The combined group will be building just under 20% of all new houses - its difficult to see how this will not be anti-competitive - but then again the UK is the land of oligopolies which the CMA has already demonstrated its pretty relaxed about (see supermarkets)!
#housing
https://www.theguardian.com/business/2024/oct/04/barratt-takeover-of-redrow-given-go-ahead-by-uk-regulator