Ladbrokes-Coral Sells Shops to Betfred and Stan James

Ladbrokes-Coral offers shops to and Stan James

17 October 2016

Ladbrokes and Coral have actually consented to bet9ja's welcome offer 359 shops to rival betting firms in what they state is the "last considerable hurdle" for their ₤ 2.7 bn merger.
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Betfred, owned by billionaire Fred Done, will buy 322 shops 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 yohaig code Competition and Markets Authority (CMA) will now examine the store offers, external.
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Jim Mullen, the president of Ladbrokes, stated: "The sale of these stores will clear the last significant difficulty to delivering on the merger with Coral and paves the yohaig code method for our concentrate on completion and rapidly delivering on the chances the merger provides."

the yohaig code 2 bookies stated they would look for approval from the CMA to finish the yohaig code merger once they offer one additional store.
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Ladbrokes and Gala Coral are the UK's second and third largest retail wagering firms, 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 yohaig code 2 would make them the UK's largest High Street bookmaker.

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 bolster its online offering.
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It was extensively reported, external over the weekend that William Hill prepares to press ahead with the ₤ 4.5 bn deal regardless of misgivings from its biggest investor.

Ladbrokes-Coral need to offer 350-400 shops

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