The acquisition of Ladbrokes by GVC seems a smart move. While the full merger benefits will be slow to materialise and uncertainty will remain until the final outcome of the triennial review is known, the combination of the two groups looks promising. Using a broad range of different assumptions, we find significant upside potential, driven by a significant amount of synergies at the IT level.
08 Dec 2017
GVC still a Buy
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GVC still a Buy
Entain PLC (ENT:LON) | 839 -63.8 (-0.9%) | Mkt Cap: 5,363m
- Published:
08 Dec 2017 -
Author:
Edouard Enault -
Pages:
4
The acquisition of Ladbrokes by GVC seems a smart move. While the full merger benefits will be slow to materialise and uncertainty will remain until the final outcome of the triennial review is known, the combination of the two groups looks promising. Using a broad range of different assumptions, we find significant upside potential, driven by a significant amount of synergies at the IT level.