Ladbrokes-Coral sells shops to Betfred and Stan James

Ladbrokes-Coral sells shops to Betfred and Stan James
 

Ladbrokes and Coral have agreed to sell 359 shops to rival betting firms in what they say is the "last significant hurdle" for their £2.7bn merger.
Betfred, owned by billionaire Fred Done, will buy 322 shops and Stan James the other 37 for a total of £55.5m.
Competition regulators ruled in July that Ladbrokes and Coral must sell 350-400 shops for their merger to be cleared.
The Competition and Markets Authority (CMA) will now assess the shop deals.
Jim Mullen, the chief executive of Ladbrokes, said: "The sale of these shops will clear the last significant hurdle to delivering... read more

 
17 October 2016 in Business, Views: 45
Source: BBC
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