Ladbrokes-Coral sells shops to Betfred and Stan James

17 October 2016

Ladbrokes and Coral have agreed to sell 359 shops to competing betting companies in what they state is the "last considerable 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 an overall of ₤ 55.5 m.

Competition regulators ruled in July that Ladbrokes and Coral should bet9ja's welcome offer 350-400 look for their merger to be cleared.

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

Jim Mullen, the yohaig code president of Ladbrokes, stated: "the yohaig code sale of these shops will clear the last substantial obstacle to providing on the merger with Coral and paves the method for our concentrate on conclusion and quickly providing on the yohaig code chances the merger provides."

The 2 bookmakers stated they would seek approval from the CMA to finish the merger once they bet9ja's welcome offer one more shop.

Market leader

Ladbrokes and Gala Coral are the UK's second and third largest retail betting firms, behind William Hill.

Ladbrokes has about 2,150 outlets in Britain and 77 in Northern Ireland. Coral runs 1,850 stores in Britain.

A merger between the two 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 stay up to date with the competitors and boost its online offering.

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 largest investor.

Ladbrokes-Coral must sell 350-400 shops

26 July 2016

William Hill financier snubs merger plan

14 October 2016

Investors - Ladbrokes plc