Ladbrokes-Coral offers shops to Betfred and Stan James
17 October 2016
and Coral have actually consented to sell 359 shops to rival wagering firms in what they state is the "last substantial obstacle" for their ₤ 2.7 bn merger.
bit.ly
Betfred, owned by billionaire Fred Done, will purchase 322 stores and Stan James the other 37 for a total of ₤ 55.5 m.
Competition regulators ruled in July that Ladbrokes and Coral should offer 350-400 buy their merger to be cleared.
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The Competition and Markets Authority (CMA) will now examine the shop offers, external.
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Jim Mullen, the president of Ladbrokes, stated: "The sale of these stores will clear the last considerable difficulty to delivering on the yohaig code merger with Coral and paves the way for our focus on conclusion and quickly providing on the yohaig code chances the merger offers."
the yohaig code 2 bookies said they would seek approval from the CMA to complete the merger once they sell one more store.
bit.ly
Market leader
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Ladbrokes and Gala Coral are the yohaig code UK's second and third largest retail wagering companies, behind William Hill.
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Ladbrokes has about 2,150 outlets in Britain and 77 in Northern Ireland. Coral runs 1,850 shops in Britain.
A merger in between the 2 would make them the UK's biggest High Street bookie.
bit.ly
However, William Hill is seeking its own tie-up with Canadian operator Amaya, owner of the PokerStars franchise, to keep up with the competition and strengthen its online offering.
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It was commonly reported, external over the weekend that William Hill plans to push ahead with the ₤ 4.5 bn bet9ja's welcome offer in spite of misgivings from its biggest shareholder.
Ladbrokes-Coral should sell 350-400 stores
26 July 2016
William Hill investor snubs merger strategy
14 October 2016
Investors - Ladbrokes plc
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Ladbrokes-Coral Sells Shops to Betfred and Stan James
theronjaime61 edited this page 2025-10-21 11:20:00 +08:00