Finance
UK competition regulator approves Topps Tiles' purchase of CTD Tiles
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
The UK CMA approves Topps Tiles' acquisition of CTD Tiles for 9 million pounds, with conditions to divest four stores.
-Britain's competition regulator on Thursday approved tile retailer Topps Tiles' 9-million-pound ($12 million) acquisition of CTD Tiles after it accepted remedies proposed by the companies.
Last month, the Competition and Markets Authority (CMA) said the tile retailer had offered to divest four stores where it had raised competition concerns, and indicated it may green-light the purchase of the other 26 stores that were part of the deal.
In a separate statement, Topps Tiles acknowledged the CMA's decision and said the sale of the four stores would be completed in the coming months.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Eileen Soreng)
The main topic is the UK CMA's approval of Topps Tiles' acquisition of CTD Tiles, including the conditions set for the purchase.
The CMA required Topps Tiles to divest four stores to address competition concerns before approving the acquisition.
The article was reported by Shashwat Awasthi in Bengaluru and edited by Eileen Soreng.
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