Proposed £5bn merger now only needs Wimpey sharholder approval as owners of Taylor Woodrow shares approve deal

The proposed merger between Taylor Woodrow and George Wimpey moved a step closer today after the move was approved by Taylor Woodrow’s shareholders.

Wimpey housebuilder

The £5bn merger, which would create the UK’s largest housebuilder with 31,000 annual completions, was approved by the competition commission two weeks ago.

The deal will be put to a vote of George Wimpey shareholders next week, with companies expecting the first Taylor Wimpey shares to be issued on 3 July.