Greenlight for Argos deal
Sainsbury’s £1.4bn takeover of Argos parent Home Retail Group is set to go ahead.
The Competition and Markets Authority said there were no competition issues combining the two chains and it did not attach any conditions.
‘The boards of Sainsbury's and Home Retail Group welcome today's announcement by the CMA that it has unconditionally cleared the acquisition following its Phase 1 investigation,’ said a statement.
HRG shareholders will vote on the takeover on 27 July.