Finance
UK's Topps Tiles-CTD Tiles deal may get approval, competition regulator says
Published by Global Banking & Finance Review®
Posted on March 3, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 3, 2025
1 min readLast updated: January 25, 2026
Topps Tiles' £9M acquisition of CTD Tiles may receive CMA approval if proposed remedies are adequate. A decision is expected by May 1.
(Reuters) -Britain's competition regulator said on Monday it might green light Topps Tiles' 9-million-pound ($11.3 million) acquisition of CTD Tiles, if the proposed remedies are found sufficient.
Last month, the Competition and Markets Authority flagged that Topps Tiles' purchase of 30 CTD Tiles stores in 2024 raised competition concerns in parts of England and Scotland.
Topps and CTD have offered to divest tile stores in Dorking, Edinburgh, Inverness and Aberdeen, where concerns were raised, the regulator said.
The CMA has until May 1 to either accept the remedies or block the deal.
(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru; Editing by Shilpi Majumdar)
Topps Tiles is acquiring CTD Tiles for 9 million pounds, which is approximately $11.3 million.
The CMA flagged competition concerns regarding Topps Tiles' purchase of 30 CTD Tiles stores in parts of England and Scotland.
Topps and CTD have offered to divest tile stores in Dorking, Edinburgh, Inverness, and Aberdeen to address the competition concerns.
The CMA has until May 1 to either accept the proposed remedies or block the acquisition deal.
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