By John McCarthy

The competition regulator has given the green light to Sainsbury’s £1.4bn acquisition of Home Retail Group, first submitted in February.

The group owns Argos, Habitat and Heart of House having sold DIY retailer Homebase to Wesfarmers for £340m earlier this year, greatly expanding Sainsbury’s offering.

On Friday morning (22 July), The Competition and Markets Authority (CMA) ruled that the transaction did not substantially lessen competition in the UK.

It released a statement reading: “The CMA has decided, on the information currently available to it, not to refer the following merger to a Phase 2 investigation.”

Each company issued a joint statement reading: Read full story ›

Source: The Drum