The UK’s Competition and Markets Authority has given the green light to Sainsbury’s (SBRY) acquisition of Home Retail Group (HOME) and its Argos retail network.

Sainsbury’s announced today it had received notification from the CMA the deal will not be referred to an in-depth phase 2 investigation.

The deals watchdog’s full statement is not yet available giving the full reasons but Sainsbury’s management always expressed confidence the CMA would not be a problem.

A Sainsbury’s spokesperson said: “We are pleased that the CMA has unconditionally cleared our proposed acquisition of Home Retail Group. This is an important step in the deal process.”

The Home Retail Group shareholder meeting to vote on the deal will take place on 27 July, with the deal expected to complete in early September, 2016.

Sainsbury’s added: “The combination of both businesses will create a multi-product, multi-channel proposition with fast delivery networks, giving customers what they want, whenever and wherever they want it.”

Sainsbury’s beat off competition from Poundland (PNLD) suitor Steinhoff Group to secure the £1.4bn takeover of Home Retail Group.