Merger Update: Barratt/Redrow IEO announcement

The CMA has reasonable grounds to believe that the Parties will complete the Merger following a court-approved scheme of arrangement between Redrow plc (Redrow) and Redrow's shareholders under Part 26 of the Companies Act 2006. Therefore, on 20 August 2024, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Barratt Developments plc and Redrow in relation to the anticipated acquisition of Redrow plc by Barratt Developments plc. The initial enforcement order will take effect upon completion of the Merger.

The text of the order will be published on the Competition and Market Authority's web site at Barratt/Redrow merger inquiry shortly.

In the event of media enquiries please email press@cma.gov.uk.

TITLE OF MERGER: Completed Acquisition by Barratt Developments plc of Redrow plc

Case Ref: ME/7089/24