By Olga Cotaga

LONDON--Home Retail Group PLC (HMRTY) on Monday said the Financial Conduct Authority has approved its acquisition by J Sainsbury PLC (SBRY.LN) and added that now it is Home Retail's shareholders turn to vote on the acquisition.

The home and general merchandise retailer said its shareholders will be voting on July 27 at the company's general meeting.

Home Retail shares at 1410 GMT up 0.80 pence, or 0.5%, at 155.10 pence valuing the company at 1.26 billion pounds ($1.66 billion).

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

July 25, 2016 10:51 ET (14:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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