Ladbrokes Coral to sell 359 shops in 55.5 million deal

Ladbrokes Coral sell 359 shops to betting rivals By Peter Scargill 9:13AM 16 OCT 2016

LADBROKES and Coral are set to sell 359 betting shops to Betfred and Stan James for £55.5 million paving the way for the two betting giants to complete their merger.

Betfred will take over 322 shops after agreeing to pay £55m while Stan James will pay £500,000 for 37 outlets, which Ladbrokes and Coral were ordered to sell by the Competition and Markets Authority earlier this year to allow them to combine as one company.

More to follow. . .

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