Ladbrokes Coral Merger Approved By Cma (update)

Following divestment of retail betting properties

Ladbrokes plc and Coral welcomed the Competition & Markets Authority (CMA) decision Wednesday which gave final approval on their merger deal.
In addition, the CMA approved the disposal of 322 shops to Betfred, 37 to Stan James and one shop to Bet21, a divestment condition required by the CMA for the merger to go ahead.
"I am delighted that the CMA has given approval to our merger with Coral," Jim Mullen, chief executive of Ladbrokes said. Both businesses are approaching the merger with good momentum and we are now focusing on completing the merger and delivering on the opportunities it offers."
Carl Leaver, chief executive officer of Gala Coral added: "The final hurdle has now been cleared and we can begin to realise the significant value available to both company's shareholders."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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