Topps Tiles’ £9m CTD Tiles takeover edges closer to CMA approval

Topps Tiles’ £9m takeover of CTD Tiles has cleared a key hurdle after the Competition and Markets Authority (CMA) provisionally approved its proposed solutions to competition concerns.
The watchdog had initially raised concerns that the deal, which saw Topps acquire 30 CTD Tiles stores earlier this year, could reduce competition in certain areas of England and Scotland.
To address this, Topps and CTD have proposed divesting stores in Dorking, Edinburgh, Inverness, and Aberdeen.
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