Sainsbury’s deal for Argos owner Home Retail approved by competition regulator

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.
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