Ladbrokes merger with Coral nears as bookies agree to sell 359 shops
Ladbrokes and Coral have agreed to sell more than 350 betting shops as part of their £2.3billion merger.
Rivals Betfred will buy 322 shops for £55million and Stan James will purchase 37 sites for £500,000.
The deal comes after the Competition And Markets Authority said the merger between Ladbrokes and Coral could go ahead only if they sold hundreds of sites to ensure the enlarged company does not monopolise local areas.
Ladbrokes chief executive Jim Mullen said: ‘The sale of these shops will clear the last significant hurdle to delivering on the merger with Coral and paves the way for our... read more
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