An internal audit found “serious problems” with Donald Trump’s purchase of the grocery chain, the Federal Trade Commission said on Friday.
The watchdog said it would take no further action against the president.
“The investigation found significant deficiencies in the acquisition of the chain,” the FTC said in a statement.
The agency did not identify the problems.
The FTC said the probe found that the acquisition was “substantially in conflict” with federal antitrust law.
The commission, which oversees the FTC, is investigating the purchase by Trump’s company of The Home Depot, which is based in Virginia.
It said the FTC would also look into the possible influence of third-party businesses and third-parties in the transaction.
Trump has said he will close the Home Depot store, but did not say when.
“It’s a big deal.
It’s a huge deal,” Trump told Fox News in December.
“We’re closing it down.
I will close it down.”