The Competition and Markets Authority has begun an investigation into a £1.4 billion deal that would create Britain’s biggest student housing landlord.
Unite Group confirmed yesterday that the competition watchdog would formally examine its proposed acquisition of Liberty Living, one of its biggest rivals, from the Canada Pension Plan Investment Board.
If the cash-and-shares deal goes ahead, it will create a portfolio worth £5.2 billion, with 73,000 beds in 27 British towns and cities. The Canadian pension company would retain a 20 per cent shareholding.
The Competition and Markets Authority has begun an investigation into a £1.4 billion deal that would create Britain’s biggest student housing landlord.
Unite Group confirmed yesterday that the competition watchdog would formally examine its proposed acquisition of Liberty Living, one of its biggest rivals, from the Canada Pension Plan Investment Board.
If the cash-and-shares deal goes ahead, it will create a portfolio worth £5.2 billion, with 73,000 beds in 27 British towns and cities. The Canadian pension company would retain a 20 per cent shareholding.
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