Doncaster-based DFS Furniture said the Competition & Markets Authority (CMA) will allow its acquisition of sofa retailer Sofology Limited to proceed.

“There were no conditions attached to the CMA decision,” said DFS.

“The Financial Conduct Authority has also confirmed its clearance of the acquisition.”

The acquisition will complete on November 30, 2017.

DFS CEO Ian Filby said: “I’m delighted that we are able to complete this deal, which is a big step for DFS towards achieving one of our strategic growth aims of broadening our product and brand appeal.

“Sofology is a fantastic business that takes great pride in the levels of service and innovation it provides to customers and is a great addition to our family.

“This is an important and historic moment for both businesses, our investment demonstrates the confidence we have in Sofology and the wider group.

“I look forward to working with Jason Tyldesley and his team to continue this success.”

On August 3, DFS said it agreed to buy Golborne-based Sofology and announced an agreement to refinance its existing borrowings.

DFS said on August 3 Sofology was being acquired for an initial enterprise value of £25 million and a “a potential further earn-out payment” and that “the total aggregate consideration payable is capped at £105 million.”