(Reuters) -Britain's competition watchdog on Thursday said it had accepted binding commitments from seven housebuilders, including Barratt Redrow, Persimmon and Taylor Wimpey and settled an
UK Competition Authority Reaches Settlement with Major Housebuilders
(Reuters) -Britain's competition watchdog on Thursday said it had accepted binding commitments from seven housebuilders, including Barratt Redrow, Persimmon and Taylor Wimpey to settle an investigation into potential anticompetitive behavior.
The housebuilders - along with Bellway, Berkeley Group, Bloor Homes and Vistry - had committed to a combined 100-million-pound ($134.21 million) payment to affordable housing programs in July to address the regulator's concerns.
The companies had also agreed to refrain from sharing sensitive pricing information with peers and work with industry bodies to develop guidance on information sharing and introduce enhanced compliance measures.
The CMA formally closed its probe on Thursday without determining whether competition law had been violated.
($1 = 0.7451 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Leroy Leo)
