British discount retailer Poundland said it was happy to proceed with a Phase II regulatory review of its planned acquisition of the 99p Stores business.
The group, which trades as Dealz in Ireland, had previously said it may walk away from its planned £55m deal rather than be subject to a lengthy probe by the British competition watchdog.
It said, however, that it had changed its mind and was confident that the combination of the two businesses would provide better choice, value and service for 99p Stores' customers.
Britain's Competition and Markets Authority (CMA) said in April the agreed deal could result in a substantial lessening of competition and would be subject to a further investigation in the absence of undertakings, such as selling some stores.
