UK's CMA approves Unite Group's $840 million acquisition of Empiric Student

Core Viewpoint - The UK's competition authority has approved Unite Group's acquisition of Empiric Student Property for £634 million ($839.48 million) [1] Company Summary - Unite Group is a student accommodation developer that has successfully completed the acquisition of its smaller rival, Empiric Student Property [1] - The acquisition is valued at £634 million, which translates to approximately $839.48 million [1] Industry Summary - The approval from the competition authority indicates a positive regulatory environment for consolidation within the student accommodation sector in the UK [1] - This acquisition may lead to increased market share and operational efficiencies for Unite Group in the competitive landscape of student housing [1]