<ul><li>The £2.5bn acquisition of Redrow by Barratt, the UK's biggest housebuilder, has been approved by the competition watchdog.</li><li>The Competition and Markets Authority (CMA) decided not to refer the deal to a phase 2 investigation after both companies addressed concerns over local competition.</li><li>The CMA was worried about a potential competition issue between a Barratt development in Whitchurch and Redrow's development in Nantwich.</li><li>As part of the agreement, third-party agent Savills will manage the sales process of unsold houses at Redrow's Nantwich site.</li></ul>

Barratt’s £2.5bn takeover of Redrow given go-ahead by UK regulator

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