The firms expect to fully merge operations within 18 months, with efficiencies and cost savings due after three years.
These could net £90m a year, but with a one-off restructuring cost of about £73m.
Overlapping roles are expected to be cut, which could lead to the loss of about 10% of jobs across the combined business.
Barratt chief executive David Thomas, said: “With this combination, we have created an exceptional housebuilder in terms of quality, service and sustainability, able to accelerate the delivery of the homes this country needs.
“Our focus now is on integrating our businesses as efficiently and effectively as we can to deliver the expected benefits.”
https://www.bbc.com/news/articles/ce8vnxenjl3o,
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