Ladbrokes-Coral Sells Shops to Betfred and Stan James

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Ladbrokes-Coral offers stores to Betfred and Stan James
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17 October 2016
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Ladbrokes and Coral have consented to sell 359 shops to competing betting firms in what they state is the "last substantial hurdle" 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 and Coral should bet9ja's welcome offer 350-400 look for their merger to be cleared.

The Competition and Markets Authority (CMA) will now examine the store offers, external.

Jim Mullen, the chief executive of Ladbrokes, stated: "The sale of these stores will clear the last substantial difficulty to providing on the merger with Coral and leads the way for our focus on completion and rapidly delivering on the chances the merger provides."
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The 2 bookmakers stated they would look for approval from the CMA to finish the yohaig code merger once they bet9ja's welcome offer one further store.

Market leader
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Ladbrokes and Gala Coral are the UK's 2nd and third largest retail betting companies, behind William Hill.

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 two 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 competition and bolster its online offering.
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It was commonly reported, external over the yohaig code weekend that William Hill prepares to press ahead with the ₤ 4.5 bn deal regardless of misgivings from its biggest investor.
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Ladbrokes-Coral must bet9ja's welcome offer 350-400 stores

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