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UK: Ladbrokes and Coral £2.7bn merger receives green light from the CMA

 |  October 26, 2016

The Competition and Markets Authority has given the green light to the proposed merger between Ladbrokes and Gala Coral.

In a statement released on Wednesday afternoon, FTSE 250-listed Ladbrokes said the £2.7bn merger would be completed “in the very near future”, after the competition regulator gave its final approval.

Last week, the two bookmakers agreed to sell a combined 359 stores to rival firms for £55.5m, after earlier this year the regulator had stated the two firms would have to sell approximately 400 storesin order for their merger to go ahead.

Full Content: International Business Times

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