ladbrokes-coral-sells-shops-to-betfred-and-stan-james

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Ladbrokes-Coral sells shops to Betfred and Stan James
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17 October 2016
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Ladbrokes and Coral have actually agreed to offer 359 stores to competing wagering firms in what they say is the "last substantial difficulty" for their ₤ 2.7 bn merger.

Betfred, owned by billionaire Fred Done, will buy 322 shops and Stan James the yohaig code other 37 for a total of ₤ 55.5 m.
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Competition regulators ruled in July that and Coral should offer 350-400 purchase their merger to be cleared.

The Competition and Markets Authority (CMA) will now assess the yohaig code store deals, external.

Jim Mullen, the yohaig code president of Ladbrokes, stated: "The sale of these stores will clear the last considerable obstacle to delivering on the merger with Coral and leads the way for our focus on completion and quickly providing on the chances the merger provides."

The 2 bookmakers said they would look for approval from the CMA to finish the merger once they sell one further store.
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Market leader
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Ladbrokes and Gala Coral are the UK's 2nd and third biggest retail wagering companies, behind William Hill.

Ladbrokes has about 2,150 outlets in Britain and 77 in Northern Ireland. Coral runs 1,850 stores in Britain.
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A merger between the 2 would make them the UK's biggest High Street bookie.

However, William Hill is seeking its own tie-up with Canadian operator Amaya, owner of the PokerStars franchise, to stay up to date with the competitors and strengthen its online offering.

It was extensively reported, external over the weekend that William Hill plans to push ahead with the ₤ 4.5 bn deal in spite of misgivings from its largest investor.

Ladbrokes-Coral must offer 350-400 shops

26 July 2016

William Hill investor snubs merger plan
bet9ja.com
14 October 2016

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