© Reuters. FTSE 100 opens steady, Vodafone Italy sold, Barratt-Redrow deal under review
Proactive Investors –
- Blue chips open flat at 7,751
- Vodafone (LON:) Italy sold to Swisscom
- Barratt-Redrow merger under review
UK watchdog investigating Barratt-Redrow merger
The UK competition watchdog has opened an investigation into the high-value merger between British housebuilders Barratt Developments PLC (LSE:LON:) and Redrow PLC (LSE:LON:).
Barratt struck a deal in February to buy Redrow for £2.5 billion.
Both firms described the deal as a “uniquely compelling opportunity” to “create an exceptional UK homebuilder”.
But the CMA is looking into whether the merger may result in a “substantial lessening of competition within any market or markets in the United Kingdom for goods or services”.
The CMA has opened a window to comment until 2 April.
Vodafone Italy sold to Swisscom for €8bln
Vodafone has announced the…
