As expected, Ladbrokes and Gala Coral have completed their merger. The CMA green lights were given after c.322 betting offices had been sold, as required by the competition authorities. To finance the merger, 866,518,803 consideration shares were issued and were added to the 29,174,406 shares issued to pay Playtech a £40m payment related to the Marketing Service Agreement. These 895,693,209 shares will be added to the 1,050,455,117 existing shares. Board Changes The following changes to
02 Nov 2016
Ladbrokes Coral: Birth of a gambling giant.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ladbrokes Coral: Birth of a gambling giant.
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
02 Nov 2016 -
Author:
Edouard Enault -
Pages:
3
As expected, Ladbrokes and Gala Coral have completed their merger. The CMA green lights were given after c.322 betting offices had been sold, as required by the competition authorities. To finance the merger, 866,518,803 consideration shares were issued and were added to the 29,174,406 shares issued to pay Playtech a £40m payment related to the Marketing Service Agreement. These 895,693,209 shares will be added to the 1,050,455,117 existing shares. Board Changes The following changes to