GovWire

Statutory timetable

Phase 1

Undertakings in lieu of reference consultation

12 September 2024: We are consulting on the proposed undertakings in lieu of a reference offered for the completed acquisition by Barratt Developments plc, of Redrow plc. The consultation period closes on Thursday 26 September.

• Proposed undertakings (PDF, 231KB) (12.9.24)
• Notice of consultation (PDF, 180KB) (12.9.24)

CMA to consider undertakings offered

21 August 2024: The CMA considers that there are reasonable grounds for believing that the undertakings offered by the Parties or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002.

• Decision that undertakings might be accepted (PDF, 179KB) (28.8.24)

Initial enforcement order

20 August 2024: The Competition and Markets Authority has reasonable grounds to believe that the parties will complete the Merger following a court sanctioning hearing. It has, therefore, served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Barratt Developments, plc in relation to the acquisition by Barratt Developments, plc of Redrow plc. The initial enforcement order will take effect upon completion of the Merger.

• Initial enforcement order (PDF, 164KB) (28.8.24)

Amendments / consents granted

• Derogation 20 August 2024 (PDF, 178KB) (28.8.24)

Reference unless undertakings accepted

8 August 2024: The CMA has decided, on the evidence currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for an in-depth, Phase 2 investigation unless the parties offer an acceptable undertaking to address these competition concerns.

• Full text decision (PDF, 437KB) (28.8.24)
• Summary of phase 1 decision (PDF, 109KB) (8.8.24)
• Press notice: Barratt given opportunity to resolve local competition concern so deal can proceed (8.8.24)

Launch of merger inquiry

13 June 2024: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (PDF, 80KB) (14.6.24)

Invitation to comment: closed

14 June 2024: The CMA has today issued a second invitation to comment, giving all interested third parties a further opportunity to submit views about the impact that the proposed merger could have on competition in the UK. The CMA will take into account all views already submitted as part of its preliminary invitation to comment launched in March 2024 and it is not necessary to re-submit any comments you made previously.

Preliminary invitation to comment: closed

15 March 2024: The Competition and Markets Authority (CMA) is considering whether it may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA is issuing this preliminary invitation to comment to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. This invitation to comment is the first part of the CMAs information-gathering process, in advance of the CMAs formal investigation starting.

The CMA may proactively contact companies and organisations that are active in the markets affected by the Merger, or have valuable insights or evidence that could assist the CMAs investigation.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

Contact

Written representations about this case should be provided to: Barratt.Redrow@cma.gov.uk

Journalists with media enquiries are asked to contact the CMAs Press Office directly via press@cma.gov.uk.

Privacy details

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.